Internal Controls That Should Be Applied When a Business Takes

question 120

Multiple Choice

Internal controls that should be applied when a business takes a physical count of inventory should include all of the following except:

• A)Prenumbered inventory tickets.
• B)A manager confirms that all inventories are ticketed only once.
• C)Counters confirm the validity of inventory existence,amounts,and quality.
• D)Second counts by a different counter.
• E)Counters of inventory should be those who are responsible for the inventory.

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Definitions:

Social Partnership

A model of industrial relations where employers, labor unions, and sometimes governments collaborate to negotiate and manage labor relations and economic policies.

Voluntarism

is a principle or system whereby actions and initiatives are undertaken voluntarily, often in the context of social and charitable endeavors, without coercion or regulatory mandate.

Workplace Equity

Fairness in treatment, opportunities, and advancements for all employees within a workplace, regardless of their personal characteristics or background.

Workplace Change

Modifications to the working environment, processes, or culture within an organization, often aimed at improving efficiency, productivity, or worker satisfaction.