Two Systems of Inventory Record Keeping Are ________

question 248

Multiple Choice

Two systems of inventory record keeping are ________.

• A)periodic and perpetual
• B)computerized and database
• C)purchase returns and purchase discounts
• D)merchandising and manufacturing

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Definitions:

Mutually Exclusive Classes

Categories or groups that cannot occur simultaneously, implying that the occurrence of one event precludes the occurrence of another.

Line Graph

A line graph is a type of chart used to display information as a series of data points connected by straight line segments, typically used to visualize trends over time.

Data Values

Individual pieces of information or measurements collected in a study or used in an analysis.

Skewed To The Right

A distribution where the tail on the right side of the histogram is longer or fatter than the left side, indicating that the majority of data points are concentrated to the left.