Cycle Counting

question 60

Multiple Choice

Cycle counting:

• A) is a process by which inventory records are verified once a year.
• B) eliminates annual inventory adjustments.
• C) provides a measure of inventory turnover.
• D) assumes that all inventory records must be verified with the same frequency.
• E) assumes that the most frequently used items must be counted more frequently.

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Definitions:

Internal Management

The administration and organization of a company's internal affairs, including human resources, operations, and policies.

Mode Of Entry

The strategy or method used by a company to enter into a new market or country for conducting business.

Industrial Policies

Government measures aimed at improving the economic and technological competitiveness of specific sectors within the industry.

Sociocultural Factor

An element that involves the combined influences of societal and cultural aspects on an individual's behaviors and attitudes.