Which Internal Control Activity Is Being Followed When Inventory Storage

question 154

Multiple Choice

Which internal control activity is being followed when inventory storage areas are secured,with limited access?

• A) segregation of duties
• B) safeguarding of assets and records
• C) checks on recorded amounts
• D) clearly defined authority and responsibility

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Definitions:

CDI

Consumer Discretionary Income; alternatively, in advertising, it can refer to Category Development Index, which assesses the potential for a brand or product based on the category sales performance in a specific market.

Consumer Packaged Good

Products that are sold in a packaged form and are used by consumers on a daily basis.

Category Development Index

A measure comparing the sales performance of a category within a specific market against its average national performance.

Special Measures

Special measures are extraordinary actions or policies implemented to address specific issues, challenges, or objectives within an organization or system.