Internal Controls That Should Be Applied When a Business Takes

question 88

Multiple Choice

Internal controls that should be applied when a business takes a physical count of inventory should include all of the following except:

• A) Prenumbered inventory tickets.
• B) A manager does not confirm that all inventories are ticketed once, and only once.
• C) Counters must confirm the validity of inventory existence, amounts, and quality.
• D) Second counts by a different counter.
• E) Counters of inventory should not be those who are responsible for the inventory.

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Definitions:

Twin Studies

Research involving the comparison of monozygotic (identical) and dizygotic (fraternal) twins to explore the relative contribution of genetics and environment to various traits and disorders.

Hofstede's Dimensions

A framework for cross-cultural communication, developed by Geert Hofstede, that describes the effects of a society's culture on the values of its members, and how these values relate to behavior, using a structure derived from factor analysis.

Assertive and Competitive

Pertaining to a behavioral style that involves confidently standing up for one's own rights and goals while striving to win or be successful in situations.

Cultural Research

Pertains to the study of cultural practices, beliefs, and artifacts across different societies to understand human behavior, social structures, and cultural variations.