Which One of the Following Is Correct

question 80

Multiple Choice

Which one of the following is correct?

• A)Inventory losses can be identified and controlled better under the perpetual system.
• B)Inventory can only be sold at the end of an accounting period under the periodic system.
• C)There is no difference in cost to implement a perpetual as compared to a periodic system.
• D)The perpetual system eliminates the need for an annual inventory count.

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Definitions:

Commitment

The state or quality of being dedicated to a cause, activity, or job; a pledge or promise to do something.

Access

A means of approach and interaction, both electronic as well as personal; an important commitment of the servant leader who satisfies the human need for face-to-face contact.

Participative Leadership

A leadership style in which the leader involves team members in the decision-making process, ensuring that their input is considered.

Consensus

A general agreement or the collective opinion of a group, often achieved through discussion and consideration of all viewpoints.