A Perpetual Inventory System

question 47

Multiple Choice

A perpetual inventory system

• A)Gives a continuous record of the amount of inventory on hand.
• B)Is not widely used in practice.
• C)Was historically used by companies that sold large quantities of low-value items.
• D)Uses a Purchases account for the cost of new merchandise purchased.
• E)All of these answers are correct.

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Definitions:

Back Pressure

Back pressure is the resistance or force opposing the desired flow of fluids in piping systems, engines, or turbines, often deliberately used to optimize engine efficiency or control fluid movement.

Pressure Reduction

The process of lowering the pressure in a system, often used in fluid or gas applications to manage flow and prevent damage.

Hydraulic Circuit

A system using pressurized fluid to power devices, often consisting of pumps, pipes, valves, and actuators.

Laminar Flow

Streamlined flow through a hydraulic circuit. A hydraulic circuit should be designed to minimize friction caused by sharp angles and internal obstructions.