When Using the Periodic System the Physical Inventory Count Is

question 115

Multiple Choice

When using the periodic system the physical inventory count is used to determine

• A)only the sales value of goods in the ending inventory.
• B)both the cost of the goods in ending inventory and the sales value of goods sold during the period.
• C)both the cost of the goods sold and the cost of ending inventory.
• D)only the cost of merchandise sold during the period.

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Definitions:

Presenting Issues

The initial problems or concerns that lead an individual to seek help or counseling.

Rapport

A positive, harmonious relationship characterized by mutual trust, understanding, and emotional affinity.

Intake Interview

An assessment technique that provides counselors with information about a client’s past functioning and how it relates to his or her current situation and the problems he or she is facing.

Effective

Producing a desired or intended result, often used to describe interventions, methods, or treatments.