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

question 32

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

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Definitions:

Mechanical Solidarity

A form of social cohesion derived from the similarities of individuals in a society, including shared beliefs and values.

Collective Conscious

Describes the set of shared beliefs, ideas, and moral attitudes which operate as a unifying force within society, originally conceptualized by sociologist Émile Durkheim.

Organic Solidarity

A term in sociology introduced by Émile Durkheim, referring to the social cohesion that arises in complex societies where individuals perform specialized tasks and are interdependent.

Social Facts

Durkheim's concept referring to the values, cultural norms, and social structures that transcend the individual and can exercise social control.