Drugstores Are One Example of a Business Using a Periodic

question 62

True/False

Drugstores are one example of a business using a periodic inventory system because of their dependence on vendor-managed inventory.

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Definitions:

Profit Centre Manager

An individual responsible for a division or segment of an organization whose performance is measured in terms of profitability.

Investment Centre Manager

A manager responsible for a business unit that is judged on its investment, revenue, and cost performance.

Revenue Centre Manager

A position responsible for generating revenue and overseeing the activities and strategy that contribute to revenue generation for a specific department or area.

Investment Centre Manager

An executive who is responsible for the profitability and efficient use of assets within a defined business segment or division.