Describe the Internal Controls That Are Applied When Taking a Physical

question 154

Essay

Describe the internal controls that are applied when taking a physical count of inventory.

---

Definitions:

General Electric

A multinational conglomerate corporation specializing in a wide range of products and services including power generation, aviation, and healthcare technologies.

Mass Public Education

The system of providing free, accessible education to large populations, typically funded and administered by government entities, aiming to achieve high literacy and educational standards.

Alberta Tar Sands

Large deposits of bitumen, a very heavy oil, located in northeastern Alberta, Canada, considered one of the world's largest reserves of crude oil.

Industrial Pollution

The release of harmful contaminants into the environment as a result of manufacturing, processing, and other industrial activities, affecting air, water, and soil quality.