The Major Risk Exposures Associated with the Receiving Department Include

question 106

Multiple Choice

The major risk exposures associated with the receiving department include all of the following except

• A)goods are accepted without a physical count
• B)there is no inspection for goods damaged in shipment
• C)inventories are not secured on the receiving dock
• D)the audit trail is destroyed

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Definitions:

Priorities

The importance, ranking, or urgency assigned to tasks or projects, determining the order in which they should be addressed.

Procedures

Established methods or protocols followed in order to accomplish tasks or operations consistently and efficiently.

Personnel

Refers to the employees or staff of an organization, often used interchangeably with "human resources" to denote the workforce component.

Productivity

The measure of efficiency in converting inputs into useful outputs, typically assessed in terms of the ratio of output to input.