Under a perpetual inventory system, is it necessary to take a physical inventory at the end of the period? Why or why not?
A physical inventory must be taken to determine whether or not the actual quantity of goods matches the quantity contained in the perpetual inventory record. Discrepancies could arise as a result of error or theft.
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Financial-based responsibility accounting systems are best suited for operations in a continuous improvement environment
Indicate whether the statement is true or false
The ability to speak at least one other foreign language is one difference between managers born and raised in the United States and those born and raised elsewhere
Indicate whether the statement is true or false
Target costing involves much more up-front work than cost-based pricing
Indicate whether the statement is true or false
Martha is from a culture that has a tightly knit social framework. She is a part of a non-governmental organization in which the members strongly depend on each other and value group decisions. It is evident that Martha belongs to a culture that is characterized by _____.
A. individualism B. collectivism C. communalism D. socialism