Question

Among the advantages of cycle counting is that it:
Select one:
a. does not need to be performed for less expensive items.
b. does not require highly trained people.
c. allows more rapid identification of errors and consequent remedial action than is possible with annual physical inventory.
d. makes the annual physical inventory more acceptable to management.
e. does not require the detailed records necessary when annual physical inventory is used.

Answer 1

Answer:

Option c

Explanation:

Cycle counting comes under inventory management.

• It is the process of inventory audit is a popular inventory counting technique that allows businesses and firms to count a number of items in different areas in the warehouse while eliminating the need to count the whole inventory.
• Cycle count is one of the sampling technique in which the count of a certain number of goods in a sample infers the count for the entire inventory in the warehouse.