Match Each Description to the Appropriate Inventory System (A or B).​

question 147

Short Answer

Match each description to the appropriate inventory system (a or b).​
-When using this system, a physical inventory is necessary to determine cost of goods sold.
A)Perpetual
B)Periodic

• A)Perpetual
• B)Periodic

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Definitions:

Future Orientation

The degree to which individuals or organizations plan for and consider future outcomes in their decision-making processes.

National Culture

The set of norms, behaviors, beliefs, and customs that exist within the population of a sovereign nation.

Geert Hofstede

A Dutch social psychologist known for his research on the comparisons of cultures across nations, leading to the development of his cultural dimensions theory.

Human Resources Management (HRM)

The strategic approach to the effective management of people in an organization, ensuring their contribution towards the achievement of the organization's goals.