Which of the Following Control Activities Would Most Likely Be

question 54

Multiple Choice

Which of the following control activities would most likely be used to maintain accurate perpetual inventory records?

• A)Independent storeroom count of goods received.
• B)Periodic independent reconciliation of control and subsidiary records.
• C)Periodic independent comparison of records with goods on hands.
• D)Independent matching of purchase orders, receiving reports, and vendors' invoices.

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Definitions:

Clearly Defined Problem

A problem that is explicitly understood and stated, with distinct boundaries and criteria for solving.

Classical Decision Theory

A theory that describes decision-making with an emphasis on rationality, where the decision maker is aware of all alternatives and their outcomes.

Rational Choices

Refers to decisions made after thoroughly considering the available options and their outcomes, based on logic and reason.

Certain World

A theoretical scenario in which all variables and outcomes are known and predictable, unlike the uncertainty of the real-world environment.