Physical Inventory Counts

question 181

Multiple Choice

Physical inventory counts:

• A)Are not necessary under the perpetual system.
• B)Are necessary to determine differences between actual inventory available and the Inventory account balance.
• C)Must be taken at least once a month.
• D)Require the use of hand-held portable computers.
• E)Are not necessary under the cost-to benefit constraint.

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Definitions:

Informative

Providing useful or valuable information.

Concise

Expressing or covering much in few words; brief in form but comprehensive in scope.

Electron Density

A measure of the probability of an electron being present in a specific location around an atom or molecule, important in determining molecular shape and bond strength.

Electron Wave

A quantum mechanical description of electrons as wave-like particles, significant in explaining the behavior of electrons in atoms and molecules.