All of the Following Are the Goals of Internal Controls

question 149

Multiple Choice

All of the following are the goals of internal controls over merchandising transactions except

• A) To keep credit losses at a minimum
• B) To retain enough cash to take advantage of cash discounts
• C) To keep the appropriate amount of inventory on hand
• D) To decide on the quality of materials to be purchased

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Definitions:

Delayed Production

A situation where the manufacturing process is slowed down or halted, causing a lag in the production schedule.

Patronage Model

A business or funding model where customers or supporters provide ongoing monetary support to a creator, artist, or service provider.

Direct Return

Immediate measurable benefits or outcomes resulting from a specific action or investment, often used in the context of financial and marketing analyses.

Funding Target

The specific amount of money that a project, company, or campaign aims to raise within a certain timeframe.