One Application of Internal Control When Taking a Physical Count

question 86

True/False

One application of internal control when taking a physical count of inventory is the use of pre-numbered inventory tickets.

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Definitions:

Fixation

In psychology, an unhealthy or obsessive attachment to a person, object, or stage of development.

Traffic Ticket

A notice issued by law enforcement to a motorist or pedestrian for violating traffic laws.

Hostile Comments

Negative or aggressive remarks directed towards a person, often intended to hurt or offend.

Displacement

In psychoanalytic theory, a defense mechanism involving the transfer of an unwanted feeling or thought from one object or person to another that is less threatening.