Which One of the Following Statements Is False

question 160

Multiple Choice

Which one of the following statements is false?

• A)The inventory account is updated after every sale and after every merchandise purchase under the perpetual inventory system.
• B)The inventory account is updated only at the end of the accounting period under the periodic inventory system.
• C)A cost of goods sold account is updated after each sale of merchandise under the periodic inventory system.
• D)A purchases account is used only under the periodic inventory system.

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Definitions:

Personal Loyalty

is the dedication and allegiance an individual has towards another person, group, or organization, impacting decisions and actions based on these strong personal ties.

Empower Subordinates

The practice of giving employees more autonomy, authority, and control over their work and decision-making processes, enhancing their sense of empowerment.

Subordinate Self-efficacy

The belief employees have in their own abilities to successfully accomplish tasks or meet job requirements.

Dyadic Construct

A concept or phenomenon that is understood within the framework of a two-person relationship or interaction.