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:

Autonomy

The degree of independence and self-direction that an individual or entity has to make decisions and take actions.

Flextime

An arrangement that allows employees to choose their working hours within agreed limits, promoting work-life balance.

Compressed Workweek

A work schedule that allows employees to work their full hours over fewer days, such as four ten-hour days, leading to longer weekends and potential cost savings.

Mutual Trust

A reciprocal belief between parties that each will act with honesty, integrity, and reliability.