Which of the Following Is Not True of the Periodic

question 40

Multiple Choice

Which of the following is not true of the periodic inventory system?

• A)Cost of sales can be calculated only after a physical stocktake
• B)It uses a Purchases account
• C)It is the system employed by most businesses in Australia
• D)It is the simplest system

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Definitions:

Conflict Theory

A theoretical framework that views social life as a competition and emphasizes the role of coercion and power in producing social order.

Privilege

A special right, advantage, or immunity granted to a particular person or group of people.

Eliminating Privilege

The process aimed at removing unearned advantages or rights held by a specific group, often due to societal biases towards race, gender, or socio-economic status.