Taking a Physical Count of Inventory

question 67

Multiple Choice

Taking a physical count of inventory

• A) is not necessary when a periodic inventory system is used
• B) should be done near year-end
• C) has no internal control relevance
• D) is not necessary when a perpetual inventory system is used

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Definitions:

Express

Refers to the act of conveying thoughts, feelings, or information clearly and effectively.

Therapeutic Relationship

The professional and supportive alliance between a therapist and a client, crucial for effective therapy.

Unconditional Acceptance

An approach of total acceptance without judgment of an individual's characteristics or actions, often used in therapeutic settings.

Empathic

Pertaining to the psychological ability to understand and feel what another person is experiencing, essentially putting oneself in another's shoes.