Control of Inventory Should Begin as Soon as the Inventory

question 119

Multiple Choice

Control of inventory should begin as soon as the inventory is received. Which of the following internal control steps is not done to meet this goal?

• A) check the invoice to the receiving report
• B) check the invoice to the purchase order
• C) check the invoice with the person who specifically purchased the item
• D) check the invoice extensions and totals

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Definitions:

Conclusion

The final part of something, typically a process, argument, or story, or the judgment or decision reached by reasoning.

False Alternative

A logical fallacy that occurs when an argument unjustly limits the options to two when there are more possibilities.

Fallacy

An erroneous argument or reasoning that renders an argument invalid due to a flaw in its structure or logic.

Medical School

A tertiary educational institution—or part of such an institution—that teaches medicine and awards a professional degree for physicians and surgeons.