Which of the Following Is an Internal Control Weakness for a Company

question 33

Multiple Choice

Which of the following is an internal control weakness for a company whose inventory of supplies consists of a large number of individual items?

• A)Supplies of relatively little value are expensed when purchased.
• B)The cycle basis is used for physical counts.
• C)The warehouse manager is responsible for maintenance of perpetual inventory records.
• D)Perpetual inventory records are maintained only for items of significant value.

Comprehend the effects and effectiveness of usury laws on the interest rates and loan markets.

Analyze the role of economic profit in competitive equity, innovation, and risk management.

Interpret data from tables related to market equilibrium, interest rates, and loanable funds.

Understand the impact of negative nominal interest rates on savers and the economy.