The Periodic Inventory System Operates By

question 32

Multiple Choice

The periodic inventory system operates by:

• A) keeping track of inventory as it comes into the organisation and as it leaves.
• B) counting inventory at regular intervals to establish how much of each item is on hand.
• C) assuming that the inventory that came in first is the first to be sold.
• D) tracking the cost of specific items of inventory to the products sold by grouping items according to cost drivers.

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Definitions:

Gender Identity

A person's internal sense of their own gender, whether male, female, both, neither, or anywhere along the gender spectrum.

Personalities

The combination of characteristics or qualities that form an individual's distinctive character or temperament.

Good and Bad Qualities

Characteristics or attributes of a person, object, or action that are deemed positive or negative based on moral, social, or personal standards.

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In a manner that is optimistic, constructive, or beneficial, often associated with affirmative actions and outcomes.