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In more feminine cultures, equality of outcomes might produce more feelings of distributive fairness than equity of outcomes.
Perpetual Inventory System
An inventory management system where inventory levels are updated in real-time with each sale or purchase, providing a continuous record of inventory counts.
Periodic Inventory System
An inventory system that updates inventory balances after a set period by taking a physical inventory count.
First-In, First-Out (FIFO)
An inventory valuation method that assumes the first items placed into inventory are the first sold, affecting the cost of goods sold and inventory value.
Perpetual Inventory System
This inventory accounting technique immediately logs purchases or sales of inventory via computerized point-of-sale systems and enterprise asset management software.
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