Which option best describes the difference between a periodic inventory system and a perpetual inventory system?

A periodic inventory count is generally more accurate than a random inventory count, because periodic inventory counts are less dependent on technology.

Periodic inventory count is only used in manufacturing area while periodic inventory count is used in both manufacturing and retail sector.

Inventory count periodically calculates at the end of the accounting period, while inventory count periodically updates inventory reports for each recorded transaction in real time.

Periodic inventory counting relies only on manual inventory counting, while inventory counting does not only rely on inventory management software solutions.