Which of the Following Companies Would Be More Likely to Use

question 23

Multiple Choice

Which of the following companies would be more likely to use a perpetual inventory system?

• A) Corner deli.
• B) Marks and Spencer.
• C) James Dean, CPA.
• D) A manufacturer of custom sailboats.

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Definitions:

Embezzlement

The act of dishonestly withholding assets for the purpose of conversion (theft) of such assets by one or more individuals to whom these assets have been entrusted, typically to be held or used for other purposes.

Assign

The act of transferring rights or responsibilities from one party to another, often seen in contracts, leases, and other legal agreements.

Term Deposit

A financial investment where money is locked away for a fixed period of time, earning interest, and can only be withdrawn after the term ends without penalty.

Negligent Misrepresentation

An incorrect or false statement of fact, made without the required care, that misleads the recipient thus causing injury.