When a Company Uses the Perpetual Inventory Method,it Should NOT

question 47

True/False

When a company uses the perpetual inventory method,it should NOT be necessary to conduct a physical count of inventory.

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Definitions:

Commitment

The state or quality of being dedicated to a cause, activity, or job; a pledge or obligation to do something.

Job-Relevant Capabilities

The skills, knowledge, and abilities that are directly related to the successful performance of specific job tasks.

Integrity

The quality of being honest and having strong moral principles, essential in building trust and credibility in personal and professional relationships.

Ethical Leadership

A leadership approach that emphasizes conducting work, making decisions, and leading people in ways that are consistent with moral principles.