Using the Periodic System of Inventory

question 28

Multiple Choice

Using the periodic system of inventory:

• A) gives the same results as a perpetual system when FIFO is applied but without some of the extra detail.
• B) is much more cost-effective as a perpetual system requires a computer.
• C) does not require a stock take each year and is therefore more accurate.
• D) accurately reports all stock movements which assists with decision making.

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Definitions:

Neuroticism

An aspect of personality defined by the presence of emotional unpredictability, heightened anxiety, changeable temperaments, irascibility, and despondency.

Neuroticism

A personality trait characterized by a tendency towards anxiety, moodiness, worry, envy, and jealousy.

Lexical Method

A technique in personality psychology that involves analyzing language and natural speech to identify personality traits and characteristics.

Conscientiousness

A personality trait characterized by being organized, responsible, and thorough.