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

question 32

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

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Definitions:

Career Stage Model

A framework that outlines the various phases an individual goes through in their professional life, from entry to retirement.

Coaching

A development process where an individual, often a manager or mentor, guides another individual or group to achieve their personal or professional goals.

Career Stage Model

A framework that describes the various phases individuals go through in their working lives, from initial entry into the workforce through potential retirement.

Withdrawal Stage

The phase where an individual disengages or distances themselves from a situation or relationship.