A Continuous Review System ______

question 67

Multiple Choice

A continuous review system ______.

• A)requires stringent monitoring of inventories because they have high value
• B)is best suited for the C category of items under the ABC classification scheme
• C)is also known as the annual inventory system
• D)is one where inventory replenishment is done annually

---

Definitions:

Current Price

The market value of an asset or security at a specific point in time.

Exchange Ratio

The rate at which one company's shares are exchanged for another's in the event of a merger or acquisition.

Exercise Price

The price at which the holder of an options contract may buy or sell the underlying security.

Aggregate Supply Curve

The graphical representation of the total goods and services that producers in an economy are willing to sell at various price levels.