A Periodic Physical Inventory Count

question 1

Multiple Choice

A periodic physical inventory count:

• A)is not necessary if the business owner uses a perpetual inventory control system or has a computerized point of sale (POS)terminal.
• B)typically involves one employee and is done weekly.
• C)allows the owner to evaluate the effectiveness and the accuracy of his/her inventory control system.
• D)is not necessary if the business owner uses an ABC inventory system.

---

Definitions:

Online Clipart

A collection of images available on the internet that can be used for personal or commercial design projects.

Global Community

A concept referring to the collective of all human societies around the world, interconnected through globalization.

Communication Value

The significance or impact that effective communication has in achieving goals, building relationships, and solving problems.

Decorative Value

The aesthetic or ornamental worth that an object adds to its surroundings.