In a Periodic Inventory System ________

question 241

Multiple Choice

In a periodic inventory system ________.

• A) quantities of merchandise inventory on hand are updated after each sale and each purchase
• B) the cost to invest in the system is greater than the cost to invest in a perpetual inventory system
• C) the business is in violation of U.S. GAAP
• D) businesses must obtain a physical count of inventory to determine quantities on hand

Comprehend the different types of managerial control systems (feedforward, concurrent, feedback, and internal controls) and their applications.

Understand the concept and applications of management by exception.

Identify the processes and significance of after-action reviews in organizational learning and improvement.

Understand the importance of setting performance objectives and how they are used in management (Management by Objectives - MBO).

---

Definitions:

Magnitude

The size, extent, or importance of something, often used in scientific contexts to measure quantities or effects.

Contribution

The act of giving or adding to something with the purpose of improvement or making a difference.

Commitment

A pledge or binding agreement to do something or remain loyal to a cause, person, or institution.

Intended Target

The specific group, population, or individual that a particular action, message, or strategy is aimed at.