Which inventory planning tool can be used for staple, fashion, or fad merchandise?

Which of the following statements about a periodic inventory system is not correct?

A. These systems are used primarily by small businesses with manual accounting systems. B. The system does not include an up-to-date inventory ledger. C. The balance in the Inventory account remains unchanged until the end of the period. D. The Cost of Goods Sold account is updated as sales transactions occur.

The number of times each experimental condition is observed in a factorial design is known as

a. partition b. replication c. experimental condition d. factor