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:

Community Mental Health Act

A 1963 piece of U.S. legislation that aimed to provide federal funding for community mental health centers and research facilities to improve treatment and care for the mentally ill.

Deinstitutionalization Act

Legislation aimed at reducing the population of mental health hospitals and integrating individuals with mental illnesses into community-based settings.

Civil Rights Act

Legislation, particularly that enacted in the USA in 1964, aimed at ending discrimination based on race, color, religion, sex, or national origin.

Antipsychotic Drugs

Medications used to manage psychosis, including schizophrenia and bipolar disorder, by affecting dopamine levels in the brain.