Which of the Following Statements Regarding Periodic Versus Perpetual Inventory

question 87

Multiple Choice

Which of the following statements regarding periodic versus perpetual inventory systems is true?

• A)Perpetual inventory systems are inferior for determining optimal times to reorder merchandise.
• B)Periodic inventory systems require a greater investment in technology to implement them.
• C)Perpetual inventory systems may assist in determining inventory lost due to shrinkage.
• D)Periodic inventory systems allow sales personnel to provide more immediate information regarding availability of inventory.

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Definitions:

Supermarket Employee

A person working in a supermarket, performing various duties such as stocking shelves, operating cash registers, or providing customer service.

Checkout Counter

The place in a store where goods are paid for and where transactions are completed.

Cell Phone

A portable electronic device that enables users to make voice calls, send text messages, and access the internet.

Accept

Agreement to the terms of a proposal or offer, thereby creating a binding contract between the parties involved.