Limitations

question 4

Multiple Choice

Limitations:

• A)should be acknowledged in the appendix
• B)should be acknowledged; a statement should be made as to how they impact the results
• C)should not be acknowledged as they take credibility away from the findings
• D)should be included in the conclusions section of the report, if at all
• E)should be totally omitted from a written report

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Definitions:

Perpetual System

An inventory accounting system that records inventory purchases and sales in real-time, providing a continuous record of inventory levels.

Freight Costs

Freight Costs entail the charges incurred for the transportation of goods by land, sea, or air.

Perpetual System

A system for managing inventory that instantly logs sales or purchases via computerized point-of-sale systems and enterprise asset management software.

Inventory

A company's complete stock of items and materials, kept for the aim of either resale or use in manufacturing processes.