Which of the Following Is Not an Element of Internal

question 82

Multiple Choice

Which of the following is not an element of internal control for inventory?

• A)Authorization for all purchases.
• B)Proper accounting for receipt of inventory.
• C)Perpetual inventory system.
• D)Rapid introduction of new products without market studies.

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Definitions:

Change Incentives

The process of altering the motivations or rewards to influence behavior in economic contexts, such as in markets or within organizations.

Economic Theory

A set of principles and frameworks used to understand, explain, and predict how economies operate and how economic agents interact.

Religious Values

Principles and moral standards shaped by religious beliefs that influence individuals' behavior and choices.

Corner Offices

Offices located at the corner of a building, often implying a prestigious or desirable location typically occupied by senior executives.