Companies that use a product's UPC code and a point-of-sale terminal
A) should still take a physical inventory at least once each fiscal year.
B) eliminate the need for a physical inventory.
C) are assured of totally accurate inventory records at all times.
D) none of these.

Question

Quizplus · Accepted Answer

Even with advanced systems like UPC and point-of-sale terminals, companies should still conduct a physical inventory annually to account for discrepancies that technology can't always catch, such as theft, damage, or errors in recording.

Companies That Use a Product's UPC Code and a Point-Of-Sale