The Primary Difference Between a Periodic and Perpetual Inventory System

question 186

Multiple Choice

The primary difference between a periodic and perpetual inventory system is that a periodic system

• A)keeps a record showing the inventory on hand at all time.
• B)provides better control over inventories.
• C)records the cost of the sale on the date the sale is made.
• D)determines the inventory on hand only at the end of the accounting period.

Comprehend the importance of clarity, comprehensiveness, objectivity, and diplomacy in report writing.

Identify common problems reported in progress reports and strategies for addressing them.

Understand the role of graphics in enhancing the effectiveness of reports.

Develop skills in writing clear and effective directives.

---

Definitions:

Business Cycle-Sensitive

Describes entities or metrics that are particularly influenced by the cyclical ups and downs in the economic activity of a market or economy.

Timing

The choice, judgment, or control of when something should happen or be done, often critical to the success of an action or decision.

Global Economy

An interconnected world economy where goods, services, and labor move freely across national borders, influenced by global events and market trends.

Average Worker

An employee representative of the general working population, often used in contexts to discuss labor trends, productivity, or demographics.