Which of the Following Statements Is True

question 78

Multiple Choice

Which of the following statements is true?

• A) Periodic counting and cycle counting generally both count every item in stock.
• B) Periodic counting and cycle counting generally both do not count every item in stock.
• C) Periodic counting generally counts every item in stock, whereas annually cycle counting generally does not daily.
• D) Cycle counting generally counts every item in stock, whereas periodic counting generally does not.
• E) Periodic counting generally occurs more frequently than cycle counting.

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Definitions:

Pre-Owned Auto

A previously owned vehicle that is sold in the automotive market, typically having one or more prior owners before the current transaction.

Good Faith

Good faith denotes honesty or sincerity of intention in fulfilling one's obligations or transacting business.

Franchisor

An individual or company that grants the license to third parties to conduct business under its trademark, business model, and brand.

Franchise Agreement

A legal, binding contract between a franchisor and franchisee, outlining the terms and conditions for the franchise operation.