Identify Whether the Following Are Benefits of Using a Perpetual

question 26

Essay

Identify whether the following are benefits of using a perpetual inventory system (in comparison to a periodic system).
$$\begin{array} { | l | l | } \hline \text { Potential benefit } & \text { True/False } \\\hline \text { A perpetual system is less costly than a periodic system. } & \\\hline \text { A perpetual system produces information that is more useful for inventory } & \\\text { management. } & \\\hline \begin{array} { l } \text { A perpetual system allows a company to avoid conducting costly inventory } \\\text { counts. }\end{array} & \\\hline \text { A perpetual system is required by IFRS and ASPE. } & \\\hline\end{array}$$

---

Definitions:

Prescription Refills

The process of obtaining more of a medication that has already been prescribed, often after the initial supply has been depleted.

Delusional Thoughts

Firmly held beliefs despite clear evidence to the contrary, not grounded in reality.

Schizophrenia

A psychological condition marked by disturbances in thinking, feeling, behavior, and the ability to relate to others.

Haloperidol (Haldol)

An antipsychotic medication used to treat schizophrenia, acute psychosis, and for the control of symptoms such as hallucinations, delusions, and agitation.