Which of the Following Procedures Would Best Detect the Theft

question 72

Multiple Choice

Which of the following procedures would best detect the theft of valuable items from an inventory that consists of hundreds of different items selling for $1 to $10, and a few items selling for hundreds of dollars?

• A)Have an independent audit firm prepare an internal control structure report on the effectiveness of the controls over inventory.
• B)Maintain perpetual inventory records with frequent periodic verification of the accuracy of these records.
• C)Require an authorised officer's signature on all requisitions for the more valuable items.
• D)Have separate warehouse space for the more valuable items with sequentially numbered tags.

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Definitions:

Violent Behavior

Actions that involve force or the threat of force against others, potentially causing physical harm.

Mentally Ill Women

Refers to females who are experiencing mental health disorders, encompassing a wide range of issues from depression to schizophrenia.

Informed Consent

Procedure (often legally required prior to treatment administration) in which a patient receives a full and understandable explanation of the treatment being offered and makes a decision about whether to accept or refuse the treatment.

Humane Environment

A setting or condition that shows compassion and respect for the well-being of all beings involved.