In every industry, companies are embedded in a(n) ________, which has a cost structure associated with it that dictates the margins needed to achieve profitability

Which of the following is a characteristic of a perpetual inventory system?

a. Inventory purchases are debited to a Purchases account. b. Inventory records are not kept for every item. c. Cost of goods sold is recorded with each sale. d. Cost of goods sold is determined as the amount of purchases less the change in inventory.

In cross-tabulation, the introduction of a third variable clarifies the initial association (or lack of it) observed between two variables and can result in six possibilities

Indicate whether the statement is true or false