Which of the Following Controls Can Minimize the Threat of Theft

question 95

Multiple Choice

Which of the following controls can minimize the threat of theft of inventory?

• A)The use of innovative performance metrics.
• B)The use of periodic physical counts of inventory and reconciliation of those counts to recorded quantities.
• C)The use of encryption.
• D)The use of production planning systems.

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Definitions:

Perfect Complements

Goods that are consumed together in fixed proportions to fulfill a specific utility.

Convex Preferences

A set of consumer preferences that exhibit a specific property where mixtures of goods are preferred over singular extremes, displaying a curve outward towards the origin on a utility graph.

Weakly Convex

Describes a curve or set in geometry and mathematical functions that bulges outward less sharply than a perfectly convex shape, often applied in optimization problems.

Convex Preferences

A representation in economics of a consumer preference structure where a mix or combination of two goods is preferred over either of the two goods alone, indicating a desire for diversification.