Which Internal Control Activity Is Followed When Inventory Storage Areas

question 156

Multiple Choice

Which internal control activity is followed when inventory storage areas are secured with limited access?

• A)segregation of duties
• B)safeguarding of assets and records
• C)checks on recorded amounts
• D)clearly defined authority and responsibility

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Definitions:

Communications Network

A system of interconnected digital or analog devices and channels used for the purpose of exchanging information.

Willingness to Pay

The maximum amount an individual is ready to sacrifice to acquire a good or service or to avoid something undesirable.

Proportional

A relationship or ratio between two quantities where one is directly proportional to the other.

Communications Network

A system of interconnected computers, telephones, or other devices that allow for the exchange of data and information.