________ Control Simply Means That You Look at the Inventory

question 45

Multiple Choice

________ control simply means that you look at the inventory on hand, and when the stock level of an item appears to be low, you reorder.

• A) Visual
• B) Standard
• C) Audit
• D) Loose
• E) Planned

---

Definitions:

Articles of Partnership

A legal document that specifies the rights, duties, and obligations of each partner participating in a partnership business.

Marital Status

The legally defined relationship status of an individual in regard to marriage, such as single, married, divorced, or widowed.

Accounting Records

Documents and ledgers that contain the financial transactions and information of an entity, used to prepare financial statements.

Capital Section

Part of a company’s balance sheet that details the funding provided by owners and investors, including paid-in capital and retained earnings.