Which of the Following Statements Regarding Inventory Counts Is Not

question 149

Multiple Choice

Which of the following statements regarding inventory counts is not correct?

• A)Companies need to perform a physical count of their inventory at least yearly regardless of which inventory system is being used.
• B)A perpetual inventory system does not require a physical count during the accounting period to determine cost of goods sold.
• C)In a perpetual inventory system,the inventory count is compared to the inventory account balance to reveal shrinkage.
• D)If a company uses a perpetual inventory system and the inventory count at the end of the accounting period is greater than the balance in the inventory ledger account,there must have been shrinkage.

Understand Maslow's hierarchy of needs and its criticisms.

Describe the overjustification effect and its potential impact on motivation.

Identify examples of behaviors motivated by both intrinsic and extrinsic factors.

Explain the principle of delay of gratification and its significance in motivation.

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Definitions:

Farmed Animal

pertains to domesticated animals raised in agricultural settings to produce commodities such as meat, dairy, and wool.

Commercial Fishery

The business or industry of catching, processing, and selling fish and seafood for profit.

Marine Fish

Fish species that inhabit saltwater environments, as opposed to freshwater species, playing crucial roles in marine ecosystems.

Aquaponics

A sustainable food production system that combines traditional aquaculture with hydroponics in a symbiotic environment.