From an Internal Control Standpoint, the Asset Most Susceptible to Improper

question 124

Multiple Choice

From an internal control standpoint, the asset most susceptible to improper diversion and use is

• A) inventory.
• B) cash.
• C) short-term investments.
• D) accounts receivable.

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Definitions:

Market Coverage

The extent to which a business reaches its potential market, often measured by geographic presence, market segments served, and product availability.

Distribution Channels

Paths or routes through which goods or services pass from the manufacturer to the consumer or end-user.