Physical Controls Include All But

question 45

Multiple Choice

Physical controls include all but:

• A)Fences and alarm systems.
• B)Security guards.
• C)High tech security tools.
• D)Each of the answers, A, B, and C are correct.

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Definitions:

FIFO Method

Stands for "First In, First Out," an inventory valuation method where the cost of the oldest items are the first to be recorded as sold.

Common Stock

A form of corporate equity ownership, a type of security representing ownership of a fraction of a corporation's capital.

Industry Segment Disclosure

Financial reporting that breaks down a company's operations by segment or division to provide insight into each segment's performance.

U.S. GAAP

The Generally Accepted Accounting Principles in the United States, which set the standards for financial reporting and accounting.