Which of the Following Is an Internal Control Weakness for a Company

question 52

Multiple Choice

Which of the following is an internal control weakness for a company whose inventory of supplies consists of a large number of individual items?

• A)Supplies of relatively little value are expensed when purchased.
• B)The cycle basis is used for physical counts.
• C)The storekeeper is responsible for maintenance of perpetual inventory records.
• D)Perpetual inventory records are maintained only for items of significant value.

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Definitions:

Chemical Sense

Refers to the sensory systems that allow organisms to perceive the chemical composition of their environment, primarily taste and smell.

Taste

The sensation produced when a substance in the mouth reacts chemically with taste receptor cells located on taste buds.

Kinesthesia

Our movement sense—our system for sensing the position and movement of individual body parts.

Chemical Sense

Chemical sense refers to the sensory systems, specifically taste and smell, that rely on the detection of chemical substances in the environment.