Twice a year the entire production line shuts down and a complete count is taken of every inventory item.This inventory system is called:
A)cycle counting.
B)perpetual inventory.
C)physical inventory.
D)two-bin inventory.

Question

Quizplus · Accepted Answer

The inventory system described involves a complete count being taken, which is characteristic of a physical inventory. Cycle counting involves counting a subset of inventory items on a regular basis, rather than the entire inventory at once. Perpetual inventory involves continuously updating inventory records as transactions occur. Two-bin inventory is a system where two bins are used for each item, with one bin used until it is empty and then the other bin is used while the first bin is replenished.

Twice a Year the Entire Production Line Shuts Down and a Complete