Which of the Following Statements Is True

question 145

Multiple Choice

Which of the following statements is true?

• A)Inventory losses 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 eliminates the need for an annual inventory count.

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Definitions:

Beck

Refers to Aaron Beck, a pioneering figure in cognitive therapy known for his work on depression.

Freud

Sigmund Freud, an Austrian neurologist, established psychoanalysis as a technique for addressing mental disorders through conversations between a psychoanalyst and their patient.

Bandura

Albert Bandura, a psychologist known for his work on social learning theory, emphasizing the importance of observing, modelling, and imitating the behaviors, attitudes, and emotional reactions of others.

Rogers

Refers to Carl Rogers, an influential American psychologist who founded the client-centered approach to therapy, emphasizing empathy and unconditional positive regard.