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The ______ Approach Is a Concept That Assumes That Opportunities

question 29

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The ______ approach is a concept that assumes that opportunities exist independent of entrepreneurs and are waiting to be discovered.


Definitions:

Perpetual Inventory System

A method that continuously updates inventory records to reflect sales, returns, and additions in real time.

Perpetual Inventory System

An inventory management system where stock levels are updated in real-time following each purchase or sale.

Inventory Account

An account used to record the value of inventory held by a business, including goods ready for sale and those in the process of being produced.

Subsidiary Inventory Ledger

The subsidiary ledger containing individual accounts for items of inventory.

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