Which of the following statements is true?
I. It is NOT always practical to expect 100% inventory accuracy on all items.
II. "C" items should be expected to have a higher inventory accuracy than "A" items.
III. Tolerance is the amount of permissible variation between an inventory record and a physical
count.
A) I, II and III
B) I and II only
C) I and III only
D) II and III only
E) I only
C
Business
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Joe and Jane have a tendency to build up large balances on their credit cards. Which of the following would be least important for them?
a. no annual fee. b. low interest rates on balances. c. long grace period. d. method of calculating balances. e. a and b.
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Failure to meet standards is usually caused solely by poor employee attitudes
a. True b. False Indicate whether the statement is true or false
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