ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is false about inventory and control systems in pharmacy today?
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Most pharmacies utilize computers rather than manual systems.
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Manual systems are less expensive to use than computerized systems.
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Manual systems usually keep a perpetual inventory.
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Computerized systems generate more data.
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Explanation:
Detailed explanation-1: -Which statement is true in a perpetual inventory system? =LIFO cost of goods sold will be the same as in a periodic inventory system.
Detailed explanation-2: -A perpetual inventory is the maintenance of an accurate count of all schedule II controlled substances in a pharmacy or institutional pharmacy.
Detailed explanation-3: -Which of the following is not true of the perpetual inventory method? Purchase returns are recorded by debiting Accounts Payable and crediting Purchase Returns and Allowances.
There is 1 question to complete.