The Perpetual Inventory Method of Tracking Inventory Is Considered Superior

question 112

Multiple Choice

The perpetual inventory method of tracking inventory is considered superior to the periodic method because the perpetual method:

• A) makes calculations easier and less technology can be deployed.
• B) tells what inventory a company should have at any point in time.
• C) saves a company from ever having to count the goods in inventory.
• D) is more consistent with how companies calculated inventory in the past.

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Definitions:

Gestalt Psychologists

Psychologists who believe that human perception and behavior should be understood as organized wholes, rather than the sum of their parts.

Observable Behaviors

Actions or reactions of an organism that can be seen and measured.

Mental Experiences

Phenomena that occur in the mind, such as thoughts, feelings, and perceptions.

Reinforcements

In psychology, the use of rewards or punishments to increase or decrease the likelihood of a specific behavior occurring again.