A Physical Count Would Be Necessary at the End of the Accounting

question 65

Multiple Choice

A physical count would be necessary at the end of the accounting period under which inventory system?

• A) Periodic inventory system
• B) Perpetual inventory system
• C) Both periodic and perpetual inventory systems
• D) Neither periodic nor perpetual inventory systems

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Definitions:

Egalitarian Gender Roles

a societal condition in which both men and women have equal rights, responsibilities, and opportunities without discrimination.

Hunting-gathering

A mode of subsistence based on the procurement of wild animals and plants for food, practiced by human societies prior to the advent of agriculture.

Psychological Field

A branch of science focused on the study of the mind and behavior, encompassing various aspects such as emotions, cognition, and social interactions.

Normative Orientation

refers to the attitudes, beliefs, and values that guide the behavior of individuals and groups within a society, often dictating what is considered "normal" or acceptable.