Which of the Following Is NOT an Advantage of the Perpetual

question 6

Multiple Choice

Which of the following is NOT an advantage of the perpetual inventory system over the periodic inventory system?

• A) The perpetual inventory system discloses inventory shortages.
• B) The perpetual inventory system is less costly to maintain.
• C) The perpetual inventory system provides a continuous record of cost of goods sold.
• D) The perpetual inventory system provides better control of the asset inventory.

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Definitions:

Income Inequality

The unequal distribution of household or individual income across the various participants in an economy, leading to a gap between the wealthy and the poor.

Clinton Administration

The executive period in the United States from 1993 to 2001, under President Bill Clinton, characterized by economic prosperity and several domestic and international challenges.

Economic Significance

The importance of an entity or event in terms of its impact on the economy, relating to wealth, resources, and the production of goods and services.

Technological Advance

Progress in the development and application of scientific knowledge to practical tasks in industries such as computing, engineering, and biotechnology.