During the Early Twentieth Century,the Prevailing Management Perspective,which Emphasised Rationality

question 28

Multiple Choice

During the early twentieth century,the prevailing management perspective,which emphasised rationality and a scientific approach,was the _________ perspective.

• A) scientific
• B) classical
• C) behavioural
• D) quantitative
• E) Pareto

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Definitions:

Perpetual Inventory System

An inventory management method where stock levels are updated continuously as sales and purchases occur.

Perpetual

A method of inventory accounting where inventory levels and cost of goods sold are updated in real-time with each sale or purchase transaction.

Perpetual Inventory System

An inventory management method where updates to the inventory account occur continuously as transactions happen.

Weighted-Average Method

An inventory costing method that averages the cost of all similar goods available during the period.