Which of the Following Is Considered a Benefit of Action

question 61

Multiple Choice

Which of the following is considered a benefit of action research for an organization?

• A) It is simple to implement.
• B) Employees can carry out the specific actions to correct the problems identified.
• C) It is solution centered.
• D) It has no financial costs associated with it.
• E) It is problem focused.

---

Definitions:

Perpetual Inventory System

An inventory tracking system where updates are made continuously to reflect sales, purchases, and returns in real-time.

LIFO

Last-In, First-Out, an inventory valuation method where the most recently produced items are recorded as sold first.

Ending Inventory

The cumulative worth of all unsold merchandise at the close of a financial period.

Retail Method

An accounting method used to estimate inventory value by converting the cost of goods available for sale into retail prices and then calculating ending inventory at retail prices.