Multiple Choice
Which of the following is not a common control for ensuring inventory is secure and inventory counts are accurate?
A) control of physical access to the inventory storage areas
B) transfers of inventory with proper documentation
C) sending "blind" copies of purchase orders to inventory control for data entry
D) making physical counts of inventory at least once per year
Correct Answer:
Verified
Correct Answer:
Verified
Q98: The receiving clerk at Wattana Technologies examines
Q99: An important control that can be used
Q100: If duties are properly segregated,the authorization function
Q101: Which of the following would probably be
Q102: To accomplish the objectives set forth in
Q103: Discuss the differences between EOQ,MRP,and JIT.
Q104: What is a key feature of materials
Q105: Once a purchase request is approved,what is
Q106: In the expenditure cycle,good control dictates that
Q108: Identify the department below that should not