All of the Following Are the Goals of Internal Controls

question 149

Multiple Choice

All of the following are the goals of internal controls over merchandising transactions except

• A) To keep credit losses at a minimum
• B) To retain enough cash to take advantage of cash discounts
• C) To keep the appropriate amount of inventory on hand
• D) To decide on the quality of materials to be purchased

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Definitions:

Pyridine

A basic heterocyclic organic compound with the chemical formula C5H5N, known for its distinctive, unpleasant smell.

2-Methyl-2-Butanamine

An organic compound with a tertiary amine and a methyl group on the second carbon of a butane chain.

Ammonia

A colorless gas with a pungent smell, composed of nitrogen and hydrogen (NH3), used in various industrial processes.

2-Bromo-2-Methylbutane

An organic compound known as a halogenated hydrocarbon, characterized by a bromine atom attached to the second carbon of a 2-methylbutane molecule.