A Common Inventory Observation Procedure Is to Select a Random

question 21

Multiple Choice

A common inventory observation procedure is to select a random sample of tag numbers and identify the tag with that number attached to the actual inventory item. The audit objective being achieved by this procedure is

• A) inventory as recorded on tags actually exists (existence).
• B) existing inventory is counted and tagged (completeness).
• C) inventory is counted accurately (accuracy).
• D) inventory is classified correctly (classification).

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Definitions:

Left Tibia

The larger and stronger of the two bones in the lower leg, located on the medial side, commonly known as the shinbone.

Initial Encounter

A term denoting the very first consultation or treatment session for a new health problem or diagnosis.

Appendicular Skeleton

Refers to the portion of the skeleton that includes the bones of the arms, legs, pelvis, and shoulder girdle.

Clavicle

A long bone that serves as a strut between the shoulder blade and the sternum or breastbone, commonly known as the collarbone.