Complete the Following Using These Terms

question 15

Multiple Choice

Complete the following using these terms.
-_____ refers to technology,tools,information,and physical facilities.

• A)outsourcing
• B)Diversity
• C)entrepreneur
• D)Competitive differentiation
• E)strategic alliance
• F)Capital
• G)vision
• H)factors of production
• I)brand
• J)Relationship management
• K)Not-for-profit organizations
• L)Business ethics

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Definitions:

Shrinkage

The reduction in inventory mainly due to shoplifting, employee theft, or other errors.

Physical Count

The process of manually counting and verifying the actual inventory in a business at a specific point in time.

Weighted Average Inventory Valuation

A method for valuing inventory by calculating the average cost of all inventory items, weighted by the quantities of each item.

Perpetual Inventory System

An accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.