Which of the Following Is NOT a Flow Typically Found

question 47

Multiple Choice

Which of the following is NOT a flow typically found in a supply chain?

• A)physical
• B)information
• C)monetary
• D)risk

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Definitions:

Accrual Accounting

A financial recording strategy that documents earnings and outlays upon accrual, rather than basing the records on the actual cash exchange dates.

Cash Receipts

The total amount of cash collected by a business during a specific period, including revenue from sales, interest, dividends, and other cash inflows.

Full Disclosure

A principle requiring that financial statements provide all necessary information to ensure a clear understanding of a company’s financial condition.

Internal Control Procedures

The methods and processes used by organizations to ensure the accuracy and integrity of their financial statements, compliance with laws and regulations, and efficient operations.