Jenna Has Been Given the Assignment of Determining How Many

question 179

Multiple Choice

Jenna has been given the assignment of determining how many new tellers her bank will need to hire over the next five years. Which of the following questions is irrelevant to her task?

• A) How many tellers are expected to retire over the next five years?
• B) What new technologies (e.g., automated teller machines) will be introduced over the next five years?
• C) How many new branches does the bank expect to open over the next five years?
• D) All of these questions are relevant.
• E) All of these questions are irrelevant.

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Definitions:

Perpetual Inventory Method

An accounting method that continuously tracks inventory levels and cost of goods sold, updating the accounts after each transaction.

General Journal Entry

A record in the general journal that represents a transaction and shows the accounts and amounts debited and credited.

F.O.B Shipping Point

F.O.B Shipping Point (Free on Board Shipping Point) is a shipping term indicating that the buyer assumes ownership and risk of the goods being shipped as soon as they leave the seller's premises.

Perpetual Inventory Method

An accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.