Which of the Following Controls Is Not a Typical Internal

question 84

Multiple Choice

Which of the following controls is not a typical internal control over fixed assets?

• A) Reconcile physical inventory with the property ledger.
• B) Periodically reassess the appropriateness of depletion categories.
• C) Identify obsolete or scrapped equipment and write it down to scrap value.
• D) Periodically review management strategy and systematically assess the impairment of assets.

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Definitions:

Just-in-Time Manufacturing

Just-in-Time Manufacturing is a production model that aims to reduce in-process inventory and associated carrying costs by producing goods only as they are needed.

Customer Deliveries

The process or action of delivering goods to customers, often involving logistics, scheduling, and ensuring the right products reach customers in a timely manner.

Lean Business Model

A strategy focused on creating value for the end customer with the least possible waste, emphasizing efficiency and the elimination of non-value-added activities.

Manufacturing Environment

The setting or conditions in which manufacturing processes occur, involving production of goods in factories.