Cycle Counting

question 26

Multiple Choice

Cycle counting:

• A)Is counting a fraction of inventory each day
• B)Does not eliminate the need for annual physical inventory
• C)Is a way to plan inventory on a cyclic basis
• D)Is a way to decide how much to order

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Definitions:

Performance Characteristic

Attributes or features of a product or service that determine its ability to meet specific requirements or standards, affecting its overall performance.

Product's Benefits

The advantages or positive outcomes that customers can expect from using a product, which are highlighted to promote sales.

Economic Needs

The basic requirements for financial stability and well-being, including food, shelter, and employment.

Individual's Emotions

The feelings and emotional states experienced by a person, which can influence their behavior and decision-making.