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:

Mental Health Treatment

Interventions designed to treat mental disorders, which may include therapy, medication, or other forms of support.

Substance Abuse Treatment

A range of medical and therapeutic treatments aimed at helping individuals overcome dependence on or misuse of drugs, alcohol, or other substances.

Sleepwalking

A behavior disorder that involves getting up and walking around while in a state of sleep.