Which of the Following Statements Is NOT Correct

question 254

Multiple Choice

Which of the following statements is NOT correct?

• A) In a perpetual inventory system, the "cash register" at the store is a computer terminal that records sales and updates inventory records.
• B) Even in a perpetual inventory system, a business must count inventory at least one a year.
• C) Restaurants and small retail stores often use the periodic inventory system.
• D) In a periodic inventory system, merchandise inventory and purchasing systems are integrated with the records for Accounts Receivable and Sales Revenue.

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Definitions:

Smart Business Leaders

Individuals at the helm of enterprises who are noted for their intelligence, strategic thinking, and ability to innovate and adapt.

Communication

The exchange of information or news between two or more individuals, through verbal, written, non-verbal, or digital means.

Culture

The collective programming of the mind distinguishing the members of one group or category of people from others.

Gestures

Movements of the body, especially hands and arms, that are used to express ideas or feelings.