Which of the Following Statements Is Characteristic of Inventory Systems

question 162

Multiple Choice

Which of the following statements is characteristic of inventory systems?

• A) Inventory data can be identified and controlled better under the perpetual system.
• B) Inventory can only be sold at the end of an accounting period under the periodic system.
• C) There is no difference in cost to implement a perpetual as compared to a periodic system.
• D) The perpetual system eliminated the need for an annual inventory count.

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Definitions:

Durkheim

A founding figure in sociology known for his work on social solidarity, the division of labor, and the sociological study of religion and suicide.

Social Exchange Theory

A theoretical perspective that explains social change and stability as a process of negotiated exchanges between parties.

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Exchanges or communications between two or more individuals, which can influence attitudes, beliefs, and behaviors.

Rewards or Punishments

Incentives or consequences used to influence behavior and encourage compliance with rules, norms, or expectations.