Explain When It Is Better to Use the Continuous Inventory

question 36

Essay

Explain when it is better to use the continuous inventory system and when it is better to use the periodic inventory system.Discuss how the ABC classification system provides guidance in selecting one versus the other.

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Definitions:

Monarchs of Spain

Refers to the reigning kings and queens who have ruled Spain throughout its history.

Iberian Peninsula

A European peninsula located in the southwest corner of Europe, occupied by Spain and Portugal.

Portuguese

Refers to something of, from, or related to Portugal, including its culture, people, or language.

Western Atlantic Trade

A historical trading network across the Atlantic Ocean, primarily involving European countries and their American and African colonies, facilitating the exchange of goods, slaves, and resources from the 16th to the 19th centuries.