The Inventory Stock Status by Item Report Is Used When

question 10

Multiple Choice

The Inventory Stock Status by Item report is used when:

• A)Vendors offer a purchase discount on inventory items
• B)A list is needed of the quantity of inventory on hand and on order
• C)The computers go down
• D)Inventory items are physically placed in the warehouse

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Definitions:

Inventories

Stocks of goods and materials that a company holds for the purpose of resale or production.

Inventory

The total quantity of goods and materials held in stock by a business, warehouse, or retail location.

Overstocking

The practice of holding more inventory than is necessary, often leading to excess stock that is difficult to sell.

Understocking

The condition where the inventory levels are too low, risking stockouts, lost sales, and dissatisfied customers.