The Retailer's Information System Determines the ________ by Comparing the Sales

question 48

Multiple Choice

The retailer's information system determines the ________ by comparing the sales made through the POS terminals with the shipments received by the store.

• A) perpetual inventory
• B) order point
• C) buffer stock
• D) cycle stock
• E) fill rate

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Definitions:

Land

Land refers to the surface of the earth and any permanent fixtures attached to it, considered a fixed asset in accounting and not subject to depreciation.

Machinery and Equipment

Fixed assets used in the operations of a business that are expected to be used for multiple years.

Ordinary Maintenance

Routine maintenance and repairs necessary to keep property (equipment, buildings, etc.) in efficient operating condition.

Asset Improvements

Expenditures made to increase the utility or extend the useful life of an asset.