The Purpose of "Cycle Counting" Is To

question 121

Multiple Choice

The purpose of "cycle counting" is to:

• A)count all the items in inventory
• B)count bicycles and motorcycles in inventory
• C)reduce discrepancies between inventory records and actual
• D)reduce theft
• E)count 10% of the items each month

Evaluate the financial implications of dropping a product or segment based on relevant costs and benefits.

Calculate the target costing for new products based on desired return on investment.

Assess the effect of special orders on net operating income, including considerations of variable costs, fixed costs, and capacity.

Determine the financial impact of accepting a special order by considering modification costs and potential benefits.

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Definitions:

Grade-Point Average

A numerical calculation that represents the average value of the accumulated final grades earned in courses over time.

Conscientiousness

A personal attribute noted for systematic behavior, reliability, and a deep dedication to responsibilities.

Openness

One of the five major personality traits, characterized by a willingness to try new things, be creative, and think abstractly.