Perpetual Inventory Systems

question 28

Multiple Choice

Perpetual inventory systems:

• A)are relatively inexpensive to use and therefore quite popular among discount retailers.
• B)are not particularly effective for keeping accurate track of large,expensive items.
• C)require consistent use of the inventory sheets in order to provide accurate results.
• D)are the simplest and quickest to use of all inventory systems.

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Definitions:

Abuse

The improper treatment or misuse of something or someone, often causing harm or injury.

Autobiographical Memory

Memory of specific events in one’s life.

Script

General remembered outline of a familiar, repeated event, used to guide behavior.

Implicit

Implied or understood without being stated directly.