When a Perpetual Inventory System Is Used

question 36

Multiple Choice

When a perpetual inventory system is used,

• A)a physical inventory count must be taken to determine cost of goods sold.
• B)inventory shrinkage is difficult to determine.
• C)it eliminates the need for frequent inventory counts.
• D)the timeliness of data is sacrificed for lower costs of operation.

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Definitions:

Principled Behavior

Actions guided by a set of moral values, showing consistency and integrity in ethical decision making.

Domain-Specific

Relating to a specific area of activity, interest, or knowledge, rather than being general or widespread.

Reciprocal Socialization

A dynamic process whereby individuals, such as parents and children, mutually influence and socialize each other's behaviors and understandings.

Environmental Factors

External elements, including physical, social, and cultural conditions, that can influence an individual's health, behavior, and development.