The Chief Advantage of the Periodic Inventory System, Compared to a Perpetual

question 42

Multiple Choice

The chief advantage of the periodic inventory system, compared to a perpetual system, is

• A) better control over inventory.
• B) immediate feedback at any time during the period.
• C) timely discovery of losses due to theft.
• D) efficiency and ease of recording.

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Definitions:

Work Station 2

A specified area or desk in a workplace designated for performing particular tasks or operations, noted as the second in sequence or order.

Exponentially Distributed

A type of probability distribution that describes the time between events in a Poisson process, representing occurrences that happen independently at a constant average rate.

Processing Time

The duration required to complete a specific process or task, often referenced in manufacturing and computing contexts.

Queue Capacity

The maximum number of items or entities that can wait in a queue or line before being serviced or processed.