In Australia, Where Most Accounting Is Computerised, the Use of the Periodic

question 56

Multiple Choice

In Australia, where most accounting is computerised, the use of the periodic inventory system is declining. Which of the following businesses is still most likely to use the periodic approach to accounting for inventory?

• A) Chemist shop
• B) Supermarket
• C) Bookshop
• D) Service station

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Definitions:

Multiple Correlation

A statistical measure representing the relationship between one dependent variable and two or more independent variables.

Batting Average

A key statistical measure in baseball that represents the ratio of a batter's hits to their at-bats.

Success

The achievement of a goal or objective, often measured by specific criteria or standards in various contexts.

Multiple Correlation

A statistical technique that measures the strength of the relationship between one dependent variable and two or more independent variables.