Computerization Has Helped to Make Taking Physical Inventory a Much

question 66

True/False

Computerization has helped to make taking physical inventory a much easier process in both the periodic and perpetual inventory systems.

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Definitions:

Scientific Method

Method of investigation that uses the objective and systematic collection and analysis of empirical data to test theories and hypotheses.

Empirical Data

Information obtained through observation or experimentation that is used as a basis for inference or reasoning.

Systematic Collection

The organized gathering of data according to a defined process that follows a specific pattern or protocol.

Communicating Findings

The process of sharing the results of an analysis or research study with stakeholders or the scientific community.