Which One of the Following Is NOT a Method for Tracking

question 25

Multiple Choice

Which one of the following is NOT a method for tracking inventory and ensuring accurate records?

• A)assigning responsibility to specific employees for issuing and receiving materials
• B)updating the reorder points to minimize safety stock
• C)cycle counting
• D)logic error checks

Analyze cost and revenue information to make profit-maximizing decisions for product modifications or sales strategies.

Determine the profitability of special orders including considerations of capacity, production costs, and variable selling costs.

Understand the concept of idle capacity and its impact on special order decisions and profits.

Calculate the break-even point for product modifications or alternative sales strategies.

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Definitions:

Causes

refers to principles, aims, or movements that people support or fight for, especially in the realm of social or political issues.

Business Proposal

A document designed to offer specific goods or services to a potential buyer or client.

Overhead Costs

The ongoing expenses not directly attributed to creating a product or service but necessary for running a business, such as rent, utilities, and administrative salaries.

Budget

An estimate of income and expenditure for a set period of time, often used for planning and managing finances.