Among the Advantages of Cycle Counting Is That It

question 184

Multiple Choice

Among the advantages of cycle counting is that it:

• A) makes the annual physical inventory more acceptable to management.
• B) does not require the detailed records necessary when annual physical inventory is used.
• C) does not require highly trained people.
• D) allows more rapid identification of errors and consequent remedial action than is possible with annual physical inventory.
• E) does not need to be performed for less expensive items.

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Definitions:

Michigan Department of Transportation

A state-level agency responsible for the construction, maintenance, and operation of roads and bridges in Michigan.

Median Mileage

The midpoint value of mileage data, where half of the vehicles have traveled more and half have traveled less, providing a measure of central tendency for vehicular use.

Fuel Economy

A measure of how far a vehicle can travel on a specific amount of fuel, usually expressed in miles per gallon (mpg) or liters per 100 kilometers (L/100km).

Environmental Protection Agency

A federal agency of the United States responsible for protecting human health and the environment by enforcing regulations based on laws passed by Congress.