Companies are reducing their inventory costs by treating inventory items differently, positioning them according to risk and opportunity. High-risk, low-opportunity items are known as ________
A) nuisance items
B) bottleneck items
C) variable items
D) critical items
E) commodities
B
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[APPENDIX] Marshland Company uses the straight-line depreciation for financial reporting purposes and an accelerated depreciation method for tax purposes. As a result, Marshland will record:
a. a deferred tax asset. b. a deferred tax liability. c. a permanent difference. d. tax-exempt depreciation.
All of the temporary accounts, except the Income Summary account and the Drawing account, appear with balances in the Income Statement columns of the work sheet
Indicate whether the statement is true or false
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Indicate whether the statement is true or false
Sweet Fruits contracts with Fruits to You, Inc for a delivery of two hundred pounds of strawberries to be delivered by Keep Kool Trucking, a trucking company with refrigerated trucks. On the day of delivery, the refrigeration units on Keep Kool's trucks are not working. Fruits to You
a. may ship the goods to Sweet Fruits using another trucking company with refrigerated trucks. b. must refund Sweet Fruits' money and cancel the contract. c. must wait to ship the strawberries until Keep Kool has fixed its trucks. d. must ship the goods through a different carrier and pay Sweet Fruits incidental damages.