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Veterinary Practice Manager

Category - CVPM

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What is the term for inventory loss that is unexplained or difficult to isolate?

Shrinkage
Wastage
Theft
Loss of use item

Explanation

Answer: A- Shrinkage is the term for inventory loss that is unexplained or difficult to isolate. Shrinkage occurs when physical counts are less than documented (sales records and purchase invoices) counts.

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