Regarding a Periodic Inventory System,which of the Following Statements Is

question 164

Multiple Choice

Regarding a periodic inventory system,which of the following statements is incorrect?

• A) The periodic inventory system is normally used for relatively expensive goods.
• B) Restaurants and small retail stores normally use the periodic inventory system.
• C) Periodic inventory systems are becoming less and less popular.
• D) The physical count of inventory is required in order to determine the quantities on hand.

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Definitions:

Influence

The capacity to affect the character, development, or behavior of someone or something, or the effect itself.

Attrition

The process of reducing the workforce through voluntary or involuntary departures, not including layoffs due to external factors.

Signs Persuasion

A technique or process of influencing individuals' attitudes, beliefs, or behaviors through the use of symbols, words, or signals.

Symbols Power

The influence and authority derived from the use or interpretation of symbols, often within a cultural, social, or organizational context.