Control of Inventory Should Begin as Soon as the Inventory

question 156

Multiple Choice

Control of inventory should begin as soon as the inventory is ordered. Which of the following internal control steps is not done to meet this goal?

• A) check the invoice to the receiving report
• B) check the invoice to the purchase order
• C) check the invoice with the person who specifically purchased the item
• D) check the invoice for mathematical accuracy

---

Definitions:

General Public

The broad group of people in society who do not have a specific connection to an event, issue, or business.

Vice President of Operations

A high-level executive responsible for overseeing the day-to-day operational activities of a company to ensure efficiency and effectiveness.

Maritime Artifacts

Objects related to the sea and seafaring, such as shipwrecks, navigational instruments, and cultural objects from maritime communities, often used for historical study.

Insider Trading

The illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information.