Question

Which of the following inventory methods is a physical count of inventory performed at specific time intervals and is typically used by small businesses?
Responses

Periodic inventory
Periodic inventory

Just in time inventory
Just in time inventory

Perpetual inventory
Perpetual inventory

Visual inventory

Answer 1

The correct response is **Periodic inventory**. This method involves a physical count of inventory performed at specific time intervals, and it is commonly used by small businesses.