The ____________ inventory system involves keeping a current and continuous record of the movement in each item of inventory.

Question

Quizplus · Accepted Answer

Perpetual inventory system involves continuously keeping track of the movement of each inventory item. This provides real-time information about stock levels, sales, and orders, which helps businesses make timely and accurate decisions. The other options (current, periodic, physical) do not fully capture the essence of perpetual inventory.

The ____________ Inventory System Involves Keeping a Current and Continuous