Regarding the Inventory System Used by Small Retailers,which of the Following

question 57

Multiple Choice

Regarding the inventory system used by small retailers,which of the following statements is incorrect?

• A) Some small retailers find it too expensive to invest in a perpetual inventory system.
• B) To be competitive, small retailers must use a perpetual inventory system.
• C) In a periodic inventory system, businesses must obtain a physical count of inventory to determine quantities on hand.
• D) Small retailers can use either the periodic or perpetual inventory system.

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