Requiring All Packing Slips Be Reconciled to Purchase Orders Before

question 77

Multiple Choice

Requiring all packing slips be reconciled to purchase orders before accepting a delivery of inventory would be most likely to prevent which of the following situations?

• A)A supplier delivers more inventory than ordered at the end of the year and sends an invoice for the total quantity delivered.
• B)An employee mails a fake invoice to the company,which is then paid.
• C)The inventory records are incorrectly updated when a receiving department employee enters the wrong product number on the receiving report.
• D)Receiving department employees steal inventory and then claim the inventory was received and delivered to the warehouse.

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Definitions:

Vending Machine

An automated machine that dispenses items such as snacks, beverages, and other consumer products after payment is made.

Retail Store

A business establishment that sells goods or services directly to the end consumer for personal or household consumption.

Global Impact

Global Impact refers to the effect of actions or occurrences in one area on the rest of the world, encompassing environmental, economic, cultural, and social dimensions.

Retailing

The selling of goods or services directly to consumers, typically through various distribution channels.