Many Companies Have Inventory That Is Easy to Steal and Is

question 11

Multiple Choice

Many companies have inventory that is easy to steal and is readily marketable.Which of the following controls helps to prevent theft and misuse of inventory?

• A)physical control of inventory from time of receipt until use
• B)proper access controls over the inventory master and transaction files
• C)dual signatures required on all purchase orders over $10 000
• D)purchase requisitions are to be approved by the production manager

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Standard of Living

A measure indicating the degree of wealth, comfort, material goods, and necessities available to a certain socioeconomic class in a certain geographic area.

Total Annual Output

The total value or volume of goods and services produced by an economy within a year.

Germany

A country in Central Europe known for its rich history, economic strength, and contributions to arts, science, and technology.

France

A country in Western Europe known for its rich history, culture, and significant impact on global politics, cuisine, and the arts.