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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Matrikon exports a number of products to users in other countries. This practice is referred to as ______________
Fill in the blank(s) with the appropriate word(s).
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Private, unincorporated mutual insurers that consist of associations that agree to equally share risks among its members are known as:
a. Captive insurers. b. Risk retention groups. c. Fraternal benefit societies. d. Reciprocal exchanges.
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