Which of the following inventory items is likely to have high inherent risk?
A)Internet computer software.
B)Steel.
C)Refrigerators.
D)Office furniture.

Question

Quizplus · Accepted Answer

Inventory items that are intangible, such as internet computer software, are more susceptible to risk factors such as obsolescence, unauthorized use or reproduction, and infringement of intellectual property rights. This makes them more prone to inherent risk.

Which of the Following Inventory Items Is Likely to Have