Question

What type of inventory system does Monty Corp use?

1) Perpetual inventory system
2) Periodic inventory system
3) Just-in-time inventory system
4) Economic order quantity system

Answer 1

Monty Corp uses the Perpetual inventory system.

Step-by-step explanation:

The type of inventory system that Monty Corp uses is the Perpetual inventory system.

In a perpetual inventory system, the inventory records are updated in real-time as each transaction occurs. This means that every time a product is bought, sold, or returned, the inventory levels are immediately adjusted.

Monty Corp most likely uses this system to have accurate and up-to-date information about their inventory levels at all times, allowing them to make better decisions regarding procurement, production, and sales.