An Advantage of Using the Periodic Inventory System Is That

question 90

True/False

An advantage of using the periodic inventory system is that it requires less recordkeeping than the perpetual inventory system.

---

Definitions:

Division of Labor

Division of labor is the allocation of different tasks to different people or groups in an effort to improve efficiency and productivity.

Hierarchy of Authority

A system within organizations where power and responsibilities are graded from the top (most authority) to the bottom (least authority).

Centralization

The process or practice of concentrating authority and decision-making in a central location or group within an organization.

Shared Decision-making

A collaborative approach where all members contribute to the decision process.