Which statement concerning inventory is not true?
A)Regular physical stocktakes are part of the efficient management of inventory.
B)Electronic point of sale systems greatly assist in the management of inventory.
C)All categories of inventory should always be subject to the same degree of control.
D)None of the above, i.e., all are true statements.

Question

Quizplus · Accepted Answer

All categories of inventory should not be subject to the same degree of control as some items may be more valuable or perishable and require closer monitoring and tighter control. Thus, statement C is not true. Statements A and B are true, as regular physical stocktakes and electronic point of sale systems are important tools for effective inventory management.

Which Statement Concerning Inventory Is Not True