If a Company Determines Cost of Goods Sold Each Time

question 129

Multiple Choice

If a company determines cost of goods sold each time a sale occurs, it

• A)must have a computerized accounting system.
• B)uses a combination of the perpetual and periodic inventory systems.
• C)uses a periodic inventory system.
• D)uses a perpetual inventory system.

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Definitions:

Assembly-Line

is a manufacturing process in which parts are added to a product in a sequential manner to create a finished product much more efficiently, often used in mass production.

Organizational Learning

The process by which an organization improves itself over time through understanding and applying knowledge, experiences, and insights.

Cognitive

Pertaining to the processes of thought, perception, memory, and information processing in the human brain.

Social Processes

The patterns of interaction and social behavior that occur among individuals and groups within a society, shaping the social structure and culture.