Which Statement Relating to the Determination of the Cost of Inventory

question 10

Multiple Choice

Which statement relating to the determination of the cost of inventory in a computerised system is not true?

• A) Determining the cost of inventory is greatly simplified compared to a manual system.
• B) Computerised systems generally use the periodic inventory system.
• C) Computerised inventory systems are now used by most firms.
• D) The system can automatically produce reorder information.

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Definitions:

Population

The total number of people living in a particular area, country, or the world, or a specific group of individuals within a larger community.

Randomly

Without a specific pattern, purpose, or objective; happening by chance.

Without Bias

an approach or stance that is impartial, fair, and not influenced by personal or societal prejudices.

Open Questions

Open Questions are designed to encourage a full, meaningful answer beyond a simple yes or no, often facilitating deeper discussion or understanding.