Storeroom security is a vital concern. Stolen goods can be an enormous source of loss for your company if security is not maintained. Take the following measures to minimize the risks of loss from theft:
A) Use adequate padlocks or strong locks; replace locks at least once a year, or change the combination of a combination lock on a weekly basis
B) Issue keys to as few individuals as possible, and let each person know how strictly you expect those keys to be used; keyholders should never give their keys to anyone, and they should always accompany any storeroom entry
C) Keys should be signed out on a daily basis rather than issued indefinitely
D) All answers are correct
Correct Answer:
Verified
Q2: Valuable inventory needs to be protected from
Q3: Which description is not true?
A) Storeroom access
Q4: At times a delivery will arrive without
Q5: FIFO means that you will use the
Q6: The storeroom must be organized logically and
Q7: In general, a credit memo is used
Q8: A credit memo is simply a list
Q9: The clerk should verify the supplier, quality,
Q10: Who is responsible for auditing receiving procedures?
A)
Q11: The credit memo form is used to
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