Periodic Review Systems Are ______

question 22

Multiple Choice

Periodic review systems are ______.

• A)characterized by a continuous physical count of inventory
• B)best suited for businesses that sell low-volume products
• C)also known as seasonal review systems
• D)used extensively in the service industry

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Definitions:

Leaf

In a graphical data representation, a leaf is the end part of a stem in a stem-and-leaf plot, which displays numerical data.

Bar Chart

A graphical representation of data using bars of different heights or lengths to show the values of various categories.

Frequency Distribution

A mathematical function showing the number of instances in which a variable attains each of its possible values.