A _____ is the process of physically counting business assets on a set schedule.
A) periodic inventory
B) perpetual inventory
C) just-in-time inventory
D) micro inventory

Question

Quizplus · Accepted Answer

Periodic inventory involves physically counting business assets on a set schedule, usually at the end of a set period such as a month, quarter, or year. This is different from perpetual inventory where inventory levels are continuously monitored and updated in real-time. Just-in-time inventory is a method of inventory management where materials and goods are only ordered and received when needed for production or sale. Micro inventory is not a recognized term in inventory management.

A _____ Is the Process of Physically Counting Business Assets