You Would Record the Movement of Inventory Items from Store

question 34

Multiple Choice

You would record the movement of inventory items from store A to store B by -

• A)recording a sales invoice transaction for store A to sell the items to store B
• B)recording a purchase invoice transaction for store B to buy the items from store A
• C)recording the transaction in the inventory transfer journal
• D)editing the quantities for each location in the inventory ledger record for each item

---

Definitions:

Business Ethics

The study of appropriate business policies and practices regarding potentially controversial issues such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities.

Federal Sentencing Guidelines

A set of standards that outline the recommended punishment for individuals and organizations convicted of federal crimes in the United States.

Compliance Program

A formalized system within organizations that helps ensure adherence to laws, regulations, and company policies.

Trust

The reliance on the integrity, strength, ability, surety, etc., of a person or thing; confidence.