Since the Same Inventory Items May Be Stored in Several

question 74

Multiple Choice

Since the same inventory items may be stored in several different warehouses,the maximum cardinality from Inventory to Warehouse is most likely

• A)0)
• B)N)
• C)1)
• D)M)

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Definitions:

Control Measures

Actions, mechanisms or policies implemented to regulate processes and diminish risks.

Sarbanes-Oxley Act

A United States federal law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.

Internal Controls

Procedures and policies implemented by a company to safeguard its assets, ensure accurate and reliable financial reporting, and promote compliance with laws and regulations.

Auditors

Professionals who examine and verify a company's financial statements and records for accuracy and compliance with laws and regulations.