Which Statement Is false

question 93

Multiple Choice

Which statement is false?

• A)Taking a physical inventory involves actually counting, weighing, or measuring each kind of inventory on hand.
• B)No matter whether a periodic or perpetual inventory system is used, all companies need to determine inventory quantities at the end of each accounting period.
• C)An inventory count is generally more accurate when goods are not being sold or received during the counting.
• D)Companies that use a perpetual inventory system must take a physical inventory to determine inventory on hand on the balance sheet date and to determine cost of goods sold for the accounting period.

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Definitions:

Rewards And Consequences

In behavioral psychology, rewards and consequences are the positive or negative outcomes following specific behaviors, which can encourage or discourage the recurrence of those behaviors.

Behavior Therapy

Systematic application of the principles of learning to the direct modification of a client’s problem behaviors.

Psychodynamic Therapy

A type of psychotherapy that is based on Freud’s thinking and assumes that psychological problems reflect early childhood experiences and internal conflicts.

Cognitive Therapy

A form of psychotherapy that addresses maladaptive patterns of thought to alleviate psychological stress and disorders.