Thirty years ago,most companies relied mainly upon periodic inventory systems.Why?

Question

Quizplus · Accepted Answer

Thirty years ago, technology was not as advanced as it is today, and installing perpetual inventory systems was more difficult and expensive. Therefore, most companies relied upon periodic inventory systems, which required less technology and fewer resources to maintain. The other options, such as theft and tax laws, may have played a role in companies' inventory management decisions, but they were not the primary reason why periodic inventory systems were more common. Additionally, the accuracy of inventory systems is not a significant factor in this context, as both periodic and perpetual systems can be accurate if implemented and maintained properly.

Thirty Years Ago,most Companies Relied Mainly Upon Periodic Inventory Systems