For Companies That Use a Perpetual Inventory System All of the Following

question 141

Multiple Choice

For companies that use a perpetual inventory system all of the following are purposes for taking a physical inventory except

• A) to check the accuracy of the records.
• B) to determine the amount of wasted raw materials.
• C) to determine losses due to employee theft.
• D) to determine ownership of the goods.

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Definitions:

McClelland's

A theory of motivation that highlights the importance of three primary needs: the need for achievement, the need for affiliation, and the need for power.

McClelland's

Refers to David McClelland's theory of needs, which identifies three primary motivational drivers: the need for achievement, the need for affiliation, and the need for power.

Short-Term Goals

Objectives set to be achieved in a brief period, guiding immediate actions and strategies.

Long-Term Goals

Objectives or targets that are planned to be achieved over an extended period, focusing on future aspirations and strategic outcomes.