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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Definitions:

Social Anxiety

A chronic mental health condition characterized by an intense fear or dread of being judged or negatively evaluated in social or performance situations.

Group Therapy

A form of psychotherapy involving one or more therapists working with several people at the same time.

Self-help Group

A voluntary association of individuals who share a common desire to overcome personal issues or improve their life conditions, often drawing on mutual support.

Professional Therapist

A qualified and licensed individual who provides psychological counseling and therapy to individuals, couples, or groups.