A periodic review system requires a precise counting of inventory only at specific times.

Name: A periodic review system requires a precise counting of inventory only at specific times.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A periodic review system, also known as a periodic inventory system, involves counting inventory at specific intervals rather than constantly tracking it. Therefore, it is true that a precise counting of inventory is only required at those specific times.

A Periodic Review System Requires a Precise Counting of Inventory