Which One of the Following Statements Regarding Inventory Is Not

question 85

Multiple Choice

Which one of the following statements regarding inventory is not true?

• A)An increase in inventory levels is always a sign of inefficiency in inventory management.
• B)The measurement of inventory affects both the balance sheet and the income statement within an accounting period.
• C)The ending inventory of one accounting period becomes the beginning inventory of the next accounting period.
• D)The cost of merchandise can vary over time and may be affected by weather,politics,and technological innovation.

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Definitions:

Expressive Responses

The outward expressions or reactions to emotions, which can include facial expressions, gestures, and vocal tones.

Spillover Effect

The phenomenon where an occurrence in one domain of an individual's life affects another domain or area, often seen in emotional or behavioral responses.

Drinking Alcohol

The consumption of beverages containing ethanol, which is a psychoactive substance that can affect mood, cognition, and behavior.

Brief Periods

Short spans of time, often used in reference to transient events or conditions.