Standard Deviation Is the Square Root of Variance

question 33

True/False

Standard deviation is the square root of variance.

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Definitions:

Shrinkage

The reduction in inventory mainly due to shoplifting, employee theft, or other errors.

Physical Count

The process of manually counting and verifying the actual inventory in a business at a specific point in time.

Weighted Average Inventory Valuation

A method for valuing inventory by calculating the average cost of all inventory items, weighted by the quantities of each item.

Perpetual Inventory System

An accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.