Cycle counting: Provides a measure of inventory accuracy is a process by which inventory records are verified once a year provides a measure of inventory turnover Assumes that all inventory records must be verified with the same frequency
Expert Answer
Cycle counting is like sampling. We count inventory of a sample area without disrupting the whole production process. This is done to know the accuracy level of inventory record and to find adequate root causes for deviations if any. So, the correct answer should be option ‘a’.