An Inventory System in Which the Inventory on Hand Is

question 3

Multiple Choice

An inventory system in which the inventory on hand is counted at set times on a continual basis and an order is placed to return the inventory stock to a desired level is a

• A)periodic system
• B)continuous system
• C)ABC system
• D)perpetual system

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Definitions:

Prototypical

Representing a typical example of a category or class, often used as a benchmark for comparing other objects or concepts.

Mental Representation

The mental imagery or symbolic representation of objects, events, or ideas in the mind, which are not currently being perceived or sensed.

Prototypes

Original models or first forms from which other forms are copied or developed, often used in the context of inventions or design.

Psychotherapist

A trained professional who treats mental health problems and emotional difficulties through the use of psychological techniques and therapies.