Identify One Way to Improve the Accuracy of Inventory Records

question 46

Multiple Choice

Identify one way to improve the accuracy of inventory records that use a perpetual inventory approach

• A)use of an ERP system
• B)require the accounting department to calculate cost of goods sold periodically
• C)use IT to eliminate the need for manual data entry
• D)use of an MRP inventory system

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Definitions:

Reciprocal Determinism

A concept in psychology that posits an individual's behavior is both influenced by and influences their personal factors and the environment.

Spotlight Effect

The belief that others pay more attention to our appearance and behavior than they actually do.

Self-efficacy

An individual’s belief in their capacity to execute behaviors necessary to produce specific performance attainments.

Self-disclosure

The act of revealing personal information or feelings to others.