Which of the following would be the least effective control to minimize the loss of inventory?
A) Secure the storage location of inventory.
B) Release inventory only with proper documentation.
C) Periodically back up all perpetual inventory records.
D) Reconcile the physical counts with and perpetual records.
Correct Answer:
Verified
Q15: In a revenue cycle with proper controls,the
Q18: A serious exposure in the revenue cycle
Q24: To ensure proper segregation of duties,only the
Q40: The manager of Callow Youth Clothing was
Q46: The manager of Callow Youth Clothing was
Q49: To prevent the loss of valuable data
Q53: When an ERP is used,it is assumed
Q54: In Petaluma,California,electric power is provided to consumers
Q60: Laz Chance wears roller blades and headphones
Q85: Separating the shipping and billing functions is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents