When a Company Uses the Perpetual Inventory System,there Is No

question 201

True/False

When a company uses the perpetual inventory system,there is no need to conduct a physical count of inventory.

---

Definitions:

Technology Increase

Refers to advancements or improvements in technology that enhance productivity or efficiency.

Comparative Advantage

The capability of an entity, whether it be a person, company, or nation, to create a good or offer a service more efficiently, in terms of opportunity cost, than competitors.

Opportunity Costs

The value of the best alternative forgone in making any decision.

Production Possibility Frontier

A curve depicting the maximum attainable combinations of two products that may be produced with available resources.