Which of the Following Would Be an Example of a WEAKNESS

question 207

Multiple Choice

Which of the following would be an example of a WEAKNESS in controls over inventory?

• A)having an employee identify reliable vendors from whom to buy merchandise
• B)paying for inventory only after it has been checked that all items were received
• C)having the employee who keeps inventory records also make payments for the goods
• D)limiting access to inventory by using locked warehouses and storage rooms

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Definitions:

Skewness

A measure of the asymmetry of the probability distribution of a real-valued random variable; indicates how the tail on one side of the distribution compares to the tail on the other side.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how much the values deviate from the mean.

Dispersed

Spread out over a wide area; not concentrated in one place.

Grade Distribution

The spread of grades given for a specific academic assessment, typically shown as a frequency distribution.