When Contrasting a Perpetual Inventory System to a Periodic System

question 4

Multiple Choice

When contrasting a perpetual inventory system to a periodic system, the

• A) perpetual system requires less clerical work.
• B) perpetual system provides better control over inventories.
• C) periodic system requires more clerical work.
• D) periodic system provides better control over inventories.

---

Definitions:

Mincome Experiment

A social experiment conducted in the 1970s in Manitoba, Canada, testing the effects of providing citizens with a guaranteed minimum income.

Guaranteed Income

A system of social welfare that proposes that all citizens receive an unconditional sum of money, regardless of their employment status.

Poverty Line

The minimum level of income deemed necessary to achieve an adequate standard of living in a given country or community.

Class Analysis

A study in sociology that focuses on the distribution of wealth and labor in a society, and how this distribution creates distinct social classes with different interests and power.