1. Forecasts must be continually adjusted in response to unforeseen changes in projected revenues and/or expenses.

   True

   False

2. Taxes, Insurance, and storage are typical costs associated with carrying inventory,

   True

   False

3. Cycle counting errors will be reduced if the time during which the counts are taken is also when the product being counted is not moving.

   True

   False

4. To determine inventory "turn" - divide throughput by the average inventory.

   True

   False

5. One reason for maintaining multiple warehouse locations is to facilitate employee communication, e.g., avoid miscommunication.

   True

   False