An Advantage of the Perpetual Inventory System Is That

question 74

Multiple Choice

An advantage of the perpetual inventory system is that

• A)clerical work is reduced.
• B)the need to take a physical inventory is eliminated.
• C)the balance of the Merchandise Inventory account is only accurate on the balance sheet date.
• D)detailed data is available to respond to customers' inquiries about product availability.

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Definitions:

Efficient Routing

The optimization of routes or pathways to ensure the quickest or most cost-effective transportation of goods or services.

CRM

Stands for Customer Relationship Management, a strategy or software that helps businesses manage and analyze customer interactions and data throughout the customer lifecycle.

Spreadsheet Organizer

A tool or software used for organizing, analyzing, and storing data in tabular form, facilitating calculations and data management.

Personal Productivity

An effort by the salesperson to increase productivity through a number of tools including more efficient data storage and retrieval, better time management, and enhanced presentation.