Which of the following statements is true of a good merchandise inventory control system?

Question

Quizplus · Accepted Answer

A good merchandise inventory control system often prevents the company from a stockout. This is achieved by maintaining accurate records of inventory levels, tracking sales and demand patterns, and setting appropriate reorder points and quantities. The other options are not true of a good inventory control system. Authorization of merchandise purchases is still necessary to ensure proper budgeting and planning, physical counts of inventory are often still required for accuracy, and examining inventory purchases for damage is important to prevent loss and ensure customer satisfaction.

Which of the Following Statements Is True of a Good