Which Inventory System Keeps an Ongoing Tally of Purchases and Sales

question 27

Multiple Choice

Which inventory system keeps an ongoing tally of purchases and sales of inventory with adjustments that reflect changes as they occur?

• A)Periodic system
• B)Perpetual system
• C)Just-in-time system
• D)Specific identification system

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Definitions:

Porter's

Refers to theories and models developed by Michael E. Porter, including his Five Forces framework for industry analysis and competitive strategy.

Cola Drink

A carbonated soft drink flavored with cola nuts and other ingredients.

SWOT Analysis

A strategic planning technique used to help an individual or organization identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Strategic Management

A process that involves formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives.