Sales Forecasts to Help Determine the Amount of Inventory to Be

question 63

Multiple Choice

Sales forecasts to help determine the amount of inventory to be held can be based on all of the following except:

• A)the use of statistical techniques.
• B)the judgement of sales staff.
• C)the rate of inflation.
• D)none of the above, i.e., all can be used to determine sales forecasts.

---

Definitions:

Journal Entries

The recording of financial transactions in a company's ledger, detailing the accounts affected and the amounts debited or credited.

Authorized

Refers to the official approval or permission for something, often used in the context of authorized shares in a corporation.

Outstanding

Describes something that is currently due or has not been settled or resolved, often referring to payments or checks.

Treasury Stock

Shares once issued and then retrieved by the originating company, lowering the volume of shares trading on the open market.