Briefly Compare and Contrast a Continuous Inventory System to a Periodic

question 16

Essay

Briefly compare and contrast a continuous inventory system to a periodic inventory system listing the advantages and disadvantages of each.

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Definitions:

Police Power

The states’ power to regulate to promote the public health, safety, morals, and welfare.

Strict Scrutiny

The most rigorous standard of judicial review used by courts to assess the constitutionality of laws, requiring a compelling government interest.

Interstate Commerce

Commercial transactions or transportation activities that cross state boundaries, regulated by federal government.

Means-Ends Test

A method of determining the constitutionality of a legislation by analyzing the relationship between the law's goals and the means chosen to achieve those goals.