Which of the following statements is true?
A) Periodic counting and cycle counting generally both count every item in stock.
B) Periodic counting and cycle counting generally both do not count every item in stock.
C) Periodic counting generally counts every item in stock, whereas annually cycle counting generally does not daily.
D) Cycle counting generally counts every item in stock, whereas periodic counting generally does not.
E) Periodic counting generally occurs more frequently than cycle counting.

Question

Quizplus · Accepted Answer

Periodic counting involves counting all items in stock at a specific period, typically annually, whereas cycle counting is a continuous inventory counting system where a subset of inventory is counted on a rotating schedule, meaning not all items are counted at once or necessarily daily.

Which of the Following Statements Is True