Perpetual Inventory Systems

question 14

Multiple Choice

Perpetual inventory systems:

• A)Are only updated at the end of each fiscal period
• B)Are concerned only with finished goods
• C)Are not concerned with raw materials
• D)Involve every level of inventory necessary for production

---

Definitions:

Inability

A lack of the physical or mental capabilities required to perform a task or function.

Historical Approach

A method of examination that involves considering the sequence of past events, changes, and developments to understand current conditions or phenomena.

Desired Performance

The standard or level of output that an organization aims to achieve through its employees or systems.

Actual Performance

The real outputs or results achieved by an individual, team, or organization.