ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following activities is done before inventory count?
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Count posting
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Count variance analysis
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Clean-up of pending transactions
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None of the above
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Explanation:
Detailed explanation-1: -In a business that does not have accurate inventory records, it is necessary to periodically conduct a complete count of the inventory (known as a physical count). This is usually done at the end of a month, quarter, or year, to coincide with the end of a reporting period.
Detailed explanation-2: -Physical inventory count. Cutoff analysis. Finished goods inventory analysis. Freight cost analysis. Overhead analysis. Inventory in transit analysis. High-value stock tests. Direct labor analysis. More items •01-Dec-2022
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