Which Statement Is Correct for About Inventory Systems

question 27

Multiple Choice

Which statement is correct for about inventory systems?

• A)The periodic inventory system provides more information to allow an enterprise to better manage its inventories.
• B)Cost of goods sold is a not a calculated number under the periodic inventory system.
• C)The final amounts reported in statements are the same under both the periodic and perpetual systems.
• D)The periodic inventory system continuously updates information about the amount of inventory on hand.

---

Definitions:

Personal Factors

Individual attributes such as personality, beliefs, values, and physical characteristics that influence behavior.

Situational Factors

External influences that can affect an individual's behavior or performance in different contexts.

Cultural Heritage

The legacy of physical artifacts and intangible attributes of a group or society inherited from past generations, preserved for future generations.

Culture

The shared values, traditions, norms, customs, arts, history, folklore, and institutions of a group of people.