Of the Following,which Is Not a Reason for Having Controls

question 115

Multiple Choice

Of the following,which is not a reason for having controls to safeguard inventories?

• A)Protect inventory items from theft.
• B)Avoid stock-outs from not having enough inventory on hand.
• C)Reduce costs of maintaining the LIFO Reserve.
• D)Keep track of overstocked items.

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Definitions:

Concession Bargaining

A negotiation process where union members agree to give up previous benefits in exchange for something else, often to prevent job losses or company closures.

Merit Pay

A compensation strategy that offers additional pay or bonuses based on an employee's performance, productivity, or achievement, aiming to motivate and reward individual excellence.

Corporate Financial Information

Information related to a company's financial status, including income, expenses, assets, and liabilities.

Concession Bargaining

Negotiations where the labor union agrees to reduce benefits or change work rules in exchange for something else, typically to preserve jobs or improve job security.