A Physical Inventory Count Is an Example of a

question 20

Multiple Choice

A physical inventory count is an example of a

• A)preventive control
• B)detective control
• C)corrective control
• D)feedforward control

---

Definitions:

Federal Trade Commission

A U.S. federal agency established in 1914 to promote consumer protection and the elimination and prevention of anticompetitive business practices.

Legal Cartel Theory

A concept where a group of firms or entities legally agree to control production, pricing, or marketing of goods and services to dominate a market.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the number of units produced, indicative of cost per unit.

Price-fixing

An illegal agreement among competitors to set prices at a certain level, rather than letting them be determined naturally by the market.