A Physical Inventory Count Is an Example of a

question 20

Multiple Choice

A physical inventory count is an example of a

• A)preventive control
• B)detective control
• C)corrective control
• D)feedforward control

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Definitions:

Unenforceable

Describes a contract or agreement that, due to certain defects or limitations, cannot be legally upheld or compelled by a court.

Convention on Contracts

An international agreement or treaty that establishes uniform rules for commercial contracts between parties from different countries.

International Sale of Goods

Transactions involving the purchase and sale of goods across international borders, governed by specific treaties and laws such as the United Nations Convention on Contracts for the International Sale of Goods (CISG).

Aggrieved Seller

Refers to a seller who has suffered from a breach of contract or harm due to the buyer's actions or inactions.