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:

Abbreviation

The shortening of a word or group of words, often to create symbols or acronyms for easier reference.

Number and Arrangement

The term refers to the specific order and configuration in which components are placed or organized within a system or structure.

Complexity

A measure of how intricate, detailed, or complicated an object, system, or process is.

ADDA

American Design Drafting Association, an organization that supports professionals in the drafting and design industry.