For Effective Internal Control in an Organization, Who Should Keep

question 61

Multiple Choice

For effective internal control in an organization, who should keep the inventory records?

• A) accountant
• B) treasurer
• C) sales persons
• D) inventory warehouse supervisor

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Definitions:

Wish-Fulfillment Theory

A psychoanalytic theory suggesting that dreams represent the unconscious desires and wishes of the dreamer.

Memory Consolidation Theory

A process in the brain involving the strengthening of a memory trace over time, making it more stable and long-lasting after initial acquisition.

Cognitive Development Theory

A theory in psychology that accounts for the gradual advancement in logical thinking, problem solving, and understanding of the world across different stages of childhood.

Wish-Fulfillment Theory

A psychoanalytic concept proposed by Freud suggesting that dreams represent the unconscious desires and wishes of the dreamer.