Which One of the Following Is the Most Important for a Continuous

question 2

Multiple Choice

Which one of the following is the most important for a continuous review system?

• A) Constant lead time.
• B) Fixed order quantity.
• C) POS scanning.
• D) Normal demand distribution.

---

Definitions:

Financial Statement

A comprehensive report detailing a company's financial performance, position, and cash flows over a specific period.

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance based on accounting principles.

Drawee

In financial terms, this is the entity upon which a cheque or draft is drawn and is responsible for paying the amount.

Financial Statement

A summarized record that shows the financial health of a business or individual, including components like balance sheets, income statements, and cash flow statements.