Companies Using a Perpetual Inventory System

question 157

Multiple Choice

Companies using a perpetual inventory system:

• A) never physically count their inventory.
• B) must count their inventory at least once a week.
• C) still need to count the inventory at the end of the period.
• D) always know the actual amount in inventory from their accounting records.

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Definitions:

Economic Activity

Any actions that involve the production, distribution, and consumption of goods and services.

Sectors

Distinct parts of an economy or society, such as the public, private, and voluntary sectors, each with its specific characteristics and functions.

Tertiary

Referring to the third level or stage, often used in education (tertiary education) and economic sectors (tertiary sector or services sector).

Sociological Question

A query related to the study of society, its institutions, networks, and processes, focusing on how individuals interact and organize within it.