Inquiries of warehouse personnel concerning possibly obsolete or slowmoving inventory items provide assurance about management’s assertion of
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Inquiries of warehouse personnel concerning possibly obsolete or slowmoving
inventory items provide assurance about management’s assertion of
a. Completeness.
b. Existence.
c. Presentation.
d. Valuation
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- You are tasked with research an article from the RTC library or Google Scholar about inventory management. Your submission should reveal the following information: (a) Introduce the article (summarize) (b) Describe how the article relates to the class. (c) Discuss the issue(s) and provide an alternative solution to the problem (d) Copy & paste a link to the article for my observation The article should be within the last five years. There is no requirement length but I should at least see three paragraphs at a minimum. To use the RTC library please use the following instructions. 1) Proceed to RTC.edu homepage 2) Click library towards the top right in white 3) In the middle of the page click online database 4) Click on eLibrary 5) In a new window eLibrary in the top middle (purple) 6) In a new window type in your topic (inventory management) in the search bar Please be sure your article is within the last five years.14. For which of the following variables will a log-form be least appropriate? OA. a. Sales in revenue B. b. Sales in units OC.c. Sales as percentage of industry sales D. d. Sale price in dollars.2. sales is an account tittle used to decribe goods or merchandise sold by a business. what nature of business uses sales? a. servicing b. barber shop c. merchandising d. both servicing and merchandising
- 36. is defined as items used to support production, supporting activities, and customer service. a. Inspection b. Inventory c. Offshoring d. Promotion 37. Which of the following is not a member of the buying center that makes a business buying decision? a. decider b. financial manager c. gatekeeper d. user 38. A(n) loan is a loan in which no assets of the firm need to be pledged as collateral. a. interest-free b. no-collateral c. secured d. unsecured 39. This characteristic of services means that services are difficult to standardize. a. heterogeneity b. inseparability c. intangibility d. perishability 40. Quality is defined as: a. the characteristics of a product or service that bear on its ability to satisfy stated or implied needs. b. the use of inspection to keep poorly produced products from getting to the market. c. the use of publicity and information to influence the feelings, opinions or beliefs about a company and its products or services. d. what the customer is willing to…24. Quick Response is b. C. d. A method of conducting physical inventory A cooperative effort between vendors and retailers A method of providing quick customer service Not available today 25. Recording markdown cancellations decreases the value of inventory. 111 I b. True FalseWhat are the three groups of components or elements of order processing? a. systemic, promotional, protocol b. operational, communication, credit and collection c. None of the listed d. operational, promotional, credit and collection e. systemic, promotional, profit-generating
- 11 ------------ involves planning to implement and control the physical flows of materials and final goods from points of origin to points of use to meet customer needs at a profit10. Interest, insurance, taxes, depreciation, breakage, warehousing, opportunity costs etc. are the costs which are related to ___________. a. None of the options b. Labor costs c. Ordering material d. Carrying inventoryMULTIPLE CHOICE: 1.Excessive inventory rob of A. Sales volume B. Production requirements C. Total sales D. Working capital 2. Offers of a trial amount of product to consumers A. Premiums B. Samples C. Frequency D. Coupon
- Multiple choice: 1. Non-financial assets that are used repeatedly or continuously in production processes A. Fixed capital B. Grants C. Loans D. Capital structure 2. Represents the difference between what is paid for the merchandise and price at which it is sold to the costumer A. Markup B. Price policy C. Suggested price D. Target marketClassify the following reports as being either scheduled or on-demand reports. Group of answer choices Cash disbursement listing Overtime report Customer account history Inventory stock-out report Accounts receivable aging report Duplicate paycheck report Cash receipts listing Machine maintenance report Vendor delivery record report Journal voucher listing Investment center report Maintenance cost…87 In connection with a varlable-rate application, a lender must provide which of the following documents? A) An initial escrow statement B) A variable-rate periodic statement disclosure C) A list of Federal Housing Administration (FHA) home equity conversion mortgage counselors D) A booklet entitled "Consumer Handbook on Adjustable-Rate Mortgages"