Discuss How a Fixed-Period Inventory System Differs from a Periodic

question 11

Essay

Discuss how a fixed-period inventory system differs from a periodic inventory system and provide two examples of where a periodic inventory system is most commonly used.

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Definitions:

CD-ROM

A type of drive that cannot write to a disc.

Storage

The component of a computer or device where data is held in the medium term or long term, spanning from traditional hard drives to modern solid-state drives and cloud storage services.

Tethering

The practice of connecting one device to another (often a mobile phone to a computer) to share the mobile device's internet connection with the connected device.

Internet Connection

A means of connecting a computer or other device to the World Wide Web, enabling access to websites, online services, and other devices connected to the internet.