Physical Inventory Counts Are

question 64

Multiple Choice

Physical inventory counts are

• A)only necessary for periodic systems.
• B)only necessary for perpetual systems.
• C)necessary for periodic and perpetual systems as part of internal control.
• D)not necessary at all if a company has an appropriate accounting system.

---

Definitions:

Both

Used to refer jointly to two specified or implied subjects, objects, or issues.

Nonlinear Association

A relationship between two variables where the change in one variable does not produce a proportional change in the other variable.

Linear Association

A relationship between two variables that can be represented on a graph as a straight line, indicating a consistent rate of change.

Moderately Strong Association

A statistical term indicating a reasonably strong relationship between two variables, showing noticeable correlation but not absolute prediction.