Final answer:
The main issue is Inventory data accuracy, as inaccurate inventory can affect stock levels, financial reporting, and lead to pricing and ordering issues. Reducing the risk involves improving processes and utilizing technology. Option C is correct.
Step-by-step explanation:
The main issue associated with 'Exp. Risk: Inaccurate receipts are entered, such as inventory not being properly counted or amounts being mis-keyed' is C) Inventory data accuracy. Inaccurate inventory records can lead to several problems such as incorrect stock levels, order overfill or shortfalls, and issues with financial reporting.
To reduce the risk of imperfect information, companies can implement measures like regular audits, improve error-checking processes, and use technology such as barcode scanning and inventory management software.
Imperfect information can have a considerable effect on price, quantity, and quality. If inventory data is inaccurate, businesses may price their products incorrectly or order incorrect amounts, leading to lost revenue or additional costs. Furthermore, inventory inaccuracies can potentially tarnish a business's reputation for quality service and product availability.