Which of the Following Procedures Would Best Prevent or Detect

question 54

Multiple Choice

Which of the following procedures would best prevent or detect the theft of valuable items from an inventory that consists of hundreds of different items selling for $1 to $10 and a few items selling for hundreds of dollars?

• A)Maintain a perpetual inventory of only the more valuable items with frequent periodic verification of the accuracy of the perpetual inventory record.
• B)Have an independent accounting firm prepare an internal control report on the effectiveness of the controls over inventory.
• C)Have separate warehouse space for the more valuable items with frequent periodic physical counts and comparison to perpetual inventory records.
• D)Require a manager's signature for the removal of any inventory item with a value above $50.

Appreciate the composite nature of human growth as both a continuous and discontinuous process.

Determine the scope and basic issues within the study of lifespan human development.

Comprehend the multidisciplinary approach to studying human development.

Understand the principles of behaviorism and how behaviors are learned and modified.

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Definitions:

Intrinsically Imperfect

Suggests that something has inherent flaws or limitations, emphasizing the idea that imperfection is a fundamental aspect of its nature.

Imperfectible

The belief that it is impossible to achieve perfection or complete improvement in the human condition.

Functional

In sociology, referring to the aspects of societies or institutions that contribute to their stability and continuity by fulfilling necessary roles.

Practical

Pertains to real-world applications or actions rather than theoretical ideas, emphasizing usability and effectiveness in everyday situations.