Which of the Following Statements Is True of a Good

question 46

Multiple Choice

Which of the following statements is true of a good merchandise inventory control system?

• A)It eliminates the need for authorization of merchandise purchases.
• B)It ensures that a physical count of inventory is not required.
• C)It often prevents the company from a stockout.
• D)It eliminates the need to examine inventory purchases for damage.

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Definitions:

Harmony and Cohesion

The state of being unified or in agreement within a group, which fosters a positive and collaborative environment.

Climate for Creative Thinking

An environment or organizational culture that fosters innovation, open-mindedness, and the generation of new ideas.

Convergent Thinking

A cognitive process that involves focusing on finding a single, correct solution to a problem by applying logic and analytical skills.

Vision and Mission

A statement of an organization's overarching aspirations and its purpose, serving as a guide for its strategic planning.