In a Periodic Inventory System

question 17

Multiple Choice

In a periodic inventory system

• A)time between orders is constant and order size varies
• B)time between orders varies and order size is constant
• C)time between orders varies and order size varies
• D)time between orders is constant and order size is constant
• Difficult: easy

Explain the process and importance of bank reconciliations.

Comprehend the roles and responsibilities of employees in upholding internal controls.

Describe methods and practices for safeguarding company assets.

Recognize the factors contributing to fraudulent activities and how to prevent them.

---

Definitions:

Tactile

Relating to the sense of touch or the sensation caused by objects coming into contact with the skin.

Neuromuscular Junction

The specialized synapse between a motor neuron and a muscle fiber, where neural signals are converted into muscular action.

Neurotransmitter

Chemical substances released at the end of a nerve fiber by the arrival of a nerve impulse, which by diffusing across the synapse or junction facilitates the transfer of the impulse to another nerve fiber, a muscle fiber, or some other structure.

Acetylcholine

A neurotransmitter in the nervous system involved in muscle activation, memory, and learning.