Which Statement Is Not Correct About the Perpetual Inventory System

question 110

Multiple Choice

Which statement is not correct about the perpetual inventory system for inventory management?

• A)This system keeps track of additions to and withdrawals from inventory.
• B)It is not necessary to conduct an inventory count if the perpetual system is used.
• C)This method produces timely information for management.
• D)With this method, the company knows the inventory on hand and the related cost of goods sold at any point in time.

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Definitions:

Fetal Period

The stage of human development that begins around the end of the eighth week after conception and continues until birth.

Embryo

An early developmental stage in many multicellular organisms, following fertilization and preceding fetal development in humans.

Human Organism

A living being that has human biological structures and systems that function interdependently.

Teratogen

A substance or element that induces abnormalities in a developing embryo or fetus.