Which of the Following Is Not a Procedure to Maintain

question 131

Multiple Choice

Which of the following is not a procedure to maintain internal controls over cash payments?

• A)A receipt should be provided to each cash customer.
• B)Checks should be properly authorized with approval signatures.
• C)All checks should be prenumbered.
• D)Voided checks should be defaced and retained.

Gain knowledge about different types of fill rates and cycle service levels in supply chain management.

Identify the significance of product availability and safety inventory in volatile demand scenarios.

Differentiate between periodic and continuous review policies regarding safety inventory levels.

Comprehend the relationship between safety inventory and desired product availability.

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Definitions:

Labor Hours

The total number of hours worked by employees within a specific period, often used to measure productivity or labor costs.

Inventory Holding Cost

Expenses associated with storing unsold goods, including warehousing, insurance, taxes, depreciation, and opportunity costs of capital tied up in inventory.

Marginal Subcontracting Cost

The extra expense associated with outsourcing an additional unit of production or service.

Layoff Cost

The financial impact associated with the termination of employees traditionally as a result of downsizing, restructuring, or automation.