Physical Inventory Counts

question 180

Multiple Choice

Physical inventory counts:

• A)Are not necessary under the perpetual system.
• B)Are necessary to measure and adjust for inventory shrinkage.
• C)Must be taken at least once a month.
• D)Require the use of hand-held portable computers.
• E)Are not necessary under the cost-to benefit constraint.

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Definitions:

Incentives

Factors or stimuli that motivate or encourage individuals or entities to act in a certain way, often aimed at achieving a specific outcome or behavior.

Community

A group of people living in the same place or having a particular characteristic in common, or the feeling of fellowship with others due to shared attitudes, interests, and goals.

Moderate Temperatures

Climatic conditions that are not too extreme, either hot or cold, often considered comfortable for human beings.

Economic Concept

A theory or principle that forms the basis of economic reasoning and decision making.