Computer Inventory Systems Are Often Programmed to Produce a Cycle

question 2

Multiple Choice

Computer inventory systems are often programmed to produce a cycle count notice in which of the following case?

• A) When the record shows a near maximum balance on hand
• B) When the record shows positive balance but a backorder was written
• C) When quality problems have been discovered with the item
• D) When the item has become obsolete
• E) When the item has been misplaced in the stockroom

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Definitions:

Substantial Performance

A legal concept indicating that a party has fulfilled enough of its contractual obligations to warrant payment, despite minor deviations from the initially agreed terms.

Rendered Performance

The act of providing or completing a service as per the terms of an agreement or contract.

Complete Performance

refers to the fulfillment of all terms and conditions as outlined in a contract or agreement, without deviation or shortfall.

Substantial Performance

A legal principle where a party has completed enough of their contractual obligations to warrant payment, despite minor deviations from the specified performance.