The three factors in good preparation for a physical inventory ar e.I. Housekeeping.
II) Identification.
III) Verification.
IV) Training.
A) I, II and III
B) I, II and IV
C) II, III and IV
D) I, III and IV

Question

Quizplus · Accepted Answer

Good preparation for a physical inventory involves housekeeping to ensure the physical space is organized, identification to ensure all items are properly labeled and can be accounted for, and training to ensure staff know how to conduct the inventory accurately and efficiently. Verification is part of the inventory process itself, not the preparation.

The Three Factors in Good Preparation for a Physical Inventory