The primary difference between a periodic and perpetual inventory system is that a
A) periodic system determines the inventory on hand only at the end of the accounting period
B) periodic system keeps a record showing the inventory on hand at all times
C) periodic system provides an easy means to determine inventory shrinkage
D) periodic system records the cost of the sale on the date the sale is made
A
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A segment is unattractive if the company's suppliers are able to raise prices or reduce quantity supplied
Indicate whether the statement is true or false
Tony's Tacos is a nationwide fast-food chain. Decision power resides at the top of the organization. Each job is documented in minute detail. The firm has many levels of supervision, including vice presidents and regional managers. Tony's headquarters provides detailed instructions to each of its franchisees so that they provide comparable quality and service across the board. Based on this scenario, which of the following is an accurate statement about Tony's?
A. Tony's has a high degree of specialization, formalization, and centralization and relies on a tall hierarchy. B. Tony's has a low degree of specialization and formalization, a high degree of centralization, and relies on a flat hierarchy. C. Tony's has a low degree of specialization, formalization, and centralization and relies on a flat hierarchy. D. Tony's has a high degree of specialization and formalization, a low degree of centralization, and relies on a tall hierarchy.
True or False The goodness-of-fit chi-square test is a two-tailed test
Indicate whether the statement is true or false
Gathering the information you need for data modeling by reviewing specific business documents handled within the system describes the:
A) bottom-up approach. B) conceptual approach. C) top-down approach. D) investigative approach. E) business approach.