Which of the Following Businesses Is Most Likely to Use

question 3

Multiple Choice

Which of the following businesses is most likely to use a periodic inventory system?

• A) An aircraft manufacturer.
• B) A supermarket that is part of a national chain.
• C) An independently owned art gallery with a manual accounting system.
• D) A beer bar.

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Definitions:

Actionable Tort

A wrongful act, other than breach of contract, for which legal action can be taken to secure damages.

Absolute Privilege

A complete immunity in defamation law, protecting the speaker irrespective of the intent or knowledge of falsehood.

Social Club Meeting

A gathering or assembly of members belonging to a social club, often organized for the purposes of discussion, activities, or managing the affairs of the club.

Defamatory Statements

False statements made about a person or entity that can harm their reputation.