Discuss the Reasons a Company Would Consider Using a Periodic

question 9

Essay

Discuss the reasons a company would consider using a periodic inventory system.

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Definitions:

Construct Validity

The extent to which a test may be said to accurately and thoroughly measure a particular construct or trait.

Construct Validity

The extent to which a test or instrument measures the theoretical construct or concept it is intended to measure.

Statistical Analyses

The collection of methods used to process, interpret, and draw conclusions from collected data.

Accurate Measurement

The degree to which a measurement reflects the true value of the attribute it is intended to measure.