When a Perpetual Inventory System Is Used, Which of the Following

question 185

Multiple Choice

When a perpetual inventory system is used, which of the following is a purpose of taking a physical inventory?

• A)To check the accuracy of the perpetual inventory records
• B)To determine cost of goods sold for the accounting period
• C)To compute inventory ratios
• D)All are a purpose of taking a physical inventory when a perpetual inventory system is used.

---

Definitions:

Standard 40-Hour Workweek

A common work schedule that consists of eight hours per day, five days a week.

Full-Time Employee

An individual engaged in a work agreement who provides a set number of hours of service weekly for their employer, typically receiving full employment benefits.

Task Identity

The degree to which a job requires completion of a whole and identifiable piece of work.

Job Redesigned

The restructuring of work tasks and roles to enhance job satisfaction and productivity.