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:

Situational Attribution

The process of attributing a person's behavior to external or environmental factors, rather than to internal dispositions.

Self-Fulfilling Prophecy

A belief or expectation that influences a person to act in ways that cause the belief to become true.

Human Nature

The innate characteristics, including ways of thinking, feeling, and acting, which all human beings share.

Fundamental Attribution Error

A cognitive bias where people are more likely to attribute others' actions to their character or disposition rather than to external factors.