Which of the Following Is Representative of Safeguarding Assets

question 244

Multiple Choice

Which of the following is representative of safeguarding assets?

• A) attaching electronic sensors to merchandise inventory
• B) reducing expenses to increase operating profit
• C) increasing operating profit to increase net income
• D) allowing company accountants to handle cash

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Definitions:

Terms Of Sale

The conditions under which a sale is conducted, detailing payment terms, delivery times, warranties, and prices.

Product Perishability

Indicates how quickly a product will lose its value if not sold or consumed within a short period.

Credit Periods

The duration of time allowed by a seller for a buyer to pay for a product or service after the sale has been made, usually expressed in days.