A Periodic Physical Inventory Count

question 1

Multiple Choice

A periodic physical inventory count:

• A)is not necessary if the business owner uses a perpetual inventory control system or has a computerized point of sale (POS)terminal.
• B)typically involves one employee and is done weekly.
• C)allows the owner to evaluate the effectiveness and the accuracy of his/her inventory control system.
• D)is not necessary if the business owner uses an ABC inventory system.

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Definitions:

Exposure

Coming into contact with or being subjected to something (e.g., chemicals, diseases) which may have a harmful effect.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, through which an association is made between a behavior and a consequence.

Classical Conditioning

Learning process in which a neutral stimulus becomes associated with an innately meaningful stimulus and acquires the capacity to elicit a similar response.

Latent Learning

Learning that occurs without becoming apparent in the learner's behavior until it is demonstrated under different conditions.