Which of the Following Is an Inventory System in Which

question 62

Multiple Choice

Which of the following is an inventory system in which the time between orders is constant and the order size varies?

• A) continuous inventory system
• B) fixed-order quantity system
• C) periodic inventory system
• D) constant replenishment inventory system

---

Definitions:

Patents

Legal rights granted to inventors, giving them exclusive rights to use, make, sell, or distribute their inventions for a certain period.

Consolidated Financial Statements

Financial statements that aggregate the financial condition and operations of a parent company and its subsidiaries into one document, as if they were a single entity.

Book Values

The value of an asset according to its balance sheet account balance, taking into account the cost of the asset minus any depreciation.

Fair Values

The amount one would expect to get from selling an asset or the cost to transfer a liability, in a structured deal involving participants in the market on the date it's evaluated.