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Why Would a Merchandising Company Need Good Internal Controls Related

question 27

Essay

Why would a merchandising company need good internal controls related to its inventory? List three of the key elements of an internal control system that would apply to inventory,and explain how each of them does relate to inventory.


Definitions:

Self-Esteem

A measure of how much you value and respect yourself.

Physical Self

Refers to an individual's physical characteristics, health, and bodily preoccupations, often a component of one's self-concept and self-esteem.

Mental Image

A representation of a sensory experience formed in the mind, which does not currently exist in the environment.

Role Performance

The action of carrying out the functions or duties expected of an individual within a particular role or social position.

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