If a Merchandiser Uses the Periodic Inventory System,it Is Necessary

question 261

True/False

If a merchandiser uses the periodic inventory system,it is necessary to conduct a physical count of inventory to determine the quantity of inventory on hand.

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Definitions:

Unilateral Action

An action taken by one party or nation without the agreement or cooperation of others.

Terms Of Employment

The conditions and agreements under which an employee works, including hours, salary, benefits, and duties.

Specific Performance

A legal remedy requiring a party to perform their obligations under a contract, rather than simply paying damages.

Wrongful Dismissal

Termination of employment without legal justification, violating the contract or laws protecting the employee's rights.