Question

Upon receipt of purchased goods, receiving department personnel match the quantity received with the packing slip quantity and mark the retail price on the goods based on a master price list. The annotated packing slip is then forwarded to inventory control and goods are automatically moved to the retail sales area. The most significant control strength of this activity is _________.a. Matching quantity received with the packing slip.
b. Immediately pricing goods for retail sale.
c. Using a master price list for marking the sale price.
d. Automatically moving goods to the retail sales area.

Answer 1

Answer:

c. Using a master price list for marking the sale price.

Explanation:

The market price list is the list that contains the information about the price, and the items of another price list. When there are two or more price lists that are dependent upon each other. So the price list would be called a master price list

Since in the given situation, the master price list is used and depending upon it, the packing slip is carried forward to the inventory control that creates the goods movement automatically to the retail sales area

So, for controlling this strength of the activity, the use of a master price list is equally important for sale price marking.