In the Revenue Cycle,the Internal Control "Limit Access" Applies to Physical

question 66

True/False

In the revenue cycle,the internal control "limit access" applies to physical assets only.

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Definitions:

Logistics

Process of coordinating flow of goods, services, and information among members of the supply chain.

Supply Chain

Complete sequence of suppliers that contribute to creating a good or service and delivering it to business users and final consumers.

Physical Distribution

Actual movement of products from producer to consumers or business users.

Direct Distribution Channel

Marketing channel that moves goods directly from producer to ultimate user.