Which of the Following Controls Can Minimize the Threat of Mistakes

question 52

Multiple Choice

Which of the following controls can minimize the threat of mistakes in counting incoming inventory?

• A)The use of positive pay.
• B)Do not inform receiving employees about quantity ordered.
• C)The use of ERS.
• D)Perpetual inventory system.

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Definitions:

Annualized Yields

The interest rate that is compounded annually, showing what an investment would yield over a one-year period.

Initial Public Offering

The first time a company offers shares of stock to the public in order to raise capital.

First Stock Issue

The initial offering of a company's stock to the public, also known as an Initial Public Offering (IPO).

Insider Trading

The illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information.