Which of the following inventory systems most accurately describes one in which medications are continuously ordered as the stock decreases to pre-determined minimum levels?
A)Perpetual inventory
B)Periodic inventory
C)Annual inventory
D)Occasional inventory

Question

Quizplus · Accepted Answer

Perpetual inventory is an inventory system in which medications are continuously ordered as the stock decreases to pre-determined minimum levels. This system ensures that as medications are used, more stock is ordered, to replenish the stock that was used. Periodic inventory is one in which medications are ordered at set intervals. An annual inventory is one that is done yearly.

Which of the Following Inventory Systems Most Accurately Describes One