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

Comprehend the various types of procurement relationships in projects.

Recognize the role and management of human resources in a project.

Explain the planning phase and its significance in project management.

Outline the tasks performed during the closeout phase of a project.

---

Definitions:

Period End Liabilities

Period end liabilities are the obligations a company must pay at the end of an accounting period.

Period's Assets

Assets that are expected to be utilized or converted into cash within the timeframe of a single fiscal period.

Depreciation Expense

An accounting method of allocating the cost of a tangible asset over its useful life to account for its decrease in value over time.

Accumulated Depreciation

Represents the total amount of a company's asset depreciation expense since the asset was acquired.