Ways in Which the Use of Mobile Devices in Inventory

question 59

Multiple Choice

Ways in which the use of mobile devices in inventory management improves business performance include all of the following except:

• A)Eliminates inventory out-of-stock situations.
• B)Retailers can record merchandise when it enters the store,where it is stored,and when it is moved to the floor.
• C)Delivery drivers can enter invoices and other shipping data into the store's database at the point of delivery.
• D)The cumbersome process of changing prices on in-store merchandise is easier.

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Definitions:

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity, including balance sheet, income statement, and cash flow statement.

Operating Cycle

The duration of time from when inventory is acquired to when cash is collected from receivables, reflecting a company's purchase, production, and sales process.

Worksheet

A document used by accountants to organize and compile data for financial statements and other reports; often a tool for preparatory work.

Financial Statements

Formal records of the financial activities and position of a business, entity, or individual, including the income statement, balance sheet, and statement of cash flows.