Examlex
All of the following are examples of a control activity except
Inventory on Hand
The total quantity of goods and materials held in stock by a business at any given time.
Ties up Funds
The process of allocating capital to long-term assets or investments, which restricts its immediate availability for other uses.
Safeguard Assets
Strategies and measures implemented to protect a company's assets from theft, damage, or misuse.
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency in managing stock levels.
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