Maria Has Worked as a File Clerk for 17 Years

question 272

Multiple Choice

Maria has worked as a file clerk for 17 years. Which aspect of the job is likely to be most stressful for her?

• A) daily demands from her boss
• B) speed of the work
• C) attention to many details
• D) feeling trapped

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Definitions:

Periodic inventory system

An inventory accounting system where updates to inventory accounts are made periodically, typically at the end of a financial period, rather than after each transaction.

Ending inventory

The value of goods available for sale at the end of an accounting period, calculated as the beginning inventory plus purchases minus cost of goods sold.

Periodic system

A periodic system is an inventory management approach where inventory levels and the cost of goods sold are calculated at the end of each accounting period, rather than continuously.

Beginning inventory

This is the value of all the inventory (raw materials, work-in-process, and finished goods) that a company has at the start of an accounting period.