Which of the Following Statements Is Correct

question 160

Multiple Choice

Which of the following statements is correct?

• A) Errors can only occur in a perpetual inventory system.
• B) Errors can only occur in a periodic inventory system.
• C) Errors can occur either in a perpetual or periodic inventory system.
• D) Errors will not occur if you are using a perpetual inventory system.

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Definitions:

Individualist Cultures

Cultures that prioritize the rights and independence of the individual over the needs of the group or community.

Collectivist Cultures

Societies that prioritize the needs and goals of the group over the desires and interests of individual members.

Interdependent

The condition of being mutually reliant on each other, where the actions of one party significantly affect the other.

Adaptive

The ability or quality of being able to adjust or change in response to new conditions or environments.