The Inventory System That Uses Computer Software to Keep a Running

question 115

Multiple Choice

The inventory system that uses computer software to keep a running record of inventory on hand is the:

• A)cost of goods sold inventory system.
• B)periodic inventory system.
• C)perpetual inventory system.
• D)hybrid inventory system.

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Definitions:

Fiscal Policy

Government adjustments to its spending levels and tax rates to monitor and influence a nation's economy.

Monetary Policy

The process by which a country's central bank or monetary authority controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

Reserves

Vault cash and deposits of banks held by Federal Reserve district banks.

Deposits

Funds placed into an account at a financial institution for safekeeping and often to earn interest.