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:

Elite Theory

A theory in political science and sociology, which suggests that society is divided between a small ruling elite and the masses or the majority.

Political Jobs

Positions within the government or associated organizations that are often appointed based on political affiliation rather than merit or civil service exams, typically involving policymaking or political support roles.

Bill of Rights

The initial ten amendments of the United States Constitution, adopted in 1791, ensure rights including the freedom of speech, assembly, and religious practice.

Political Ideology

A set of ethical ideals, principles, doctrines, myths, or symbols of a social movement, institution, class, or large group that explains how society should work.