Few Companies Take a Physical Count of Inventory Each Year

question 139

True/False

Few companies take a physical count of inventory each year, and rely on inventory records alone to determine the inventory value.

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Definitions:

Precise

Describes the attribute of being exact and accurate in expression or detail.

Jargon

Language used by a particular group, profession, or culture that may not be understood or used by other people.

Concrete

Referring to something you can experience with your senses.

Concise

Expressing or conveying information in a clear and brief manner, without unnecessary details.