When a Company Uses the Perpetual Inventory System,there Is No

question 201

True/False

When a company uses the perpetual inventory system,there is no need to conduct a physical count of inventory.

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Definitions:

Opportunity Costs

The cost of forgoing the next best alternative when making a decision or choosing between options.

Decision Criterion

The rules or standards used to choose among alternatives in decision-making processes.

Timeliness

The characteristic of occurring at a suitable or opportune time, particularly relevant in the context of information delivery and project completion.

Future Cost

Costs that have not yet been incurred but are expected to be as a result of current decisions or plans.