Which of the Following Statements Is TRUE of a Good

question 104

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:

Encourages Ethical

Promoting or fostering a set of moral principles or values that govern an individual's or group's behavior.

Organizational Culture

The set of shared values, beliefs, and practices that influence the way an organization's members interact and work.

Appropriate System

A system that is suitable or fitting for a particular purpose, context, or need, often characterized by its effectiveness and efficiency.

Organizational Culture

The shared values, beliefs, and practices that shape the social and psychological environment of an organization.