Which of the Following Statements Is NOT Correct

question 254

Multiple Choice

Which of the following statements is NOT correct?

• A) In a perpetual inventory system, the "cash register" at the store is a computer terminal that records sales and updates inventory records.
• B) Even in a perpetual inventory system, a business must count inventory at least one a year.
• C) Restaurants and small retail stores often use the periodic inventory system.
• D) In a periodic inventory system, merchandise inventory and purchasing systems are integrated with the records for Accounts Receivable and Sales Revenue.

---

Definitions:

Double Jeopardy

A legal principle that prevents an individual from being tried twice for the same offense in the same jurisdiction, as protected under the Fifth Amendment of the U.S. Constitution.

Fourth Amendment

A part of the U.S. Constitution that protects against unreasonable searches and seizures by the government.

Not Guilty

A legal declaration made in a court proceeding that an accused person did not commit the crime for which they are charged.

Bribery

A corrupt and illegal activity in which a person offers, gives, solicits, or receives money, services, or anything of value in order to gain an illicit advantage.