Which of the following can minimize the threat of over- and underproduction?
a. the use of innovative performance metrics
b. the use of periodic physical counts of inventory and reconciliation of those counts to recorded quantities
c. the use of encryption
d. the use of production planning systems
d. the use of production planning systems
As the name suggests it plans production through out the year and hence threat of over and under production is minimized.
As the production is planned therefore that much is produced that is planned and so over and/or under production does not take place or its minimized.
Which of the following can minimize the threat of over- and underproduction? a. the use of...
Which of the following controls can minimize the threat of theft of cash? A Separation of billing and shipping functions. B Use of cash registers. C Bar-code and RFID technology. D Restriction of access to master data. Identify one way to improve the accuracy of inventory records that use a perpetual inventory approach A use of an MRP inventory system B require the accounting department to calculate cost of goods sold periodically C use of an ERP system D use...
the threat of mistakes in counting re sufficient quantity on hand to 42) Which of the following controls can minimize the threat of mistakes inventory? A) The use of positive pay. B) Do not inform receiving employees about quantity ordered. C) The use of ERS D) Perpetual inventory system. 43) The traditional approach to inventory management to ensure sufficient quant maintain production is known as A) safety stock. B) just-in-time production. C) economic order quantity. D) optimal inventory quantity. 44)...
5. Which of the following control procedures is designed to reduce the risk of check altera-tion fraud? a. ACH blocks on accounts not used for payments b. Use of dedicated computer and browser for online banking c. Establishing “Positive Pay” arrangements with banks d. Access controls for EFT terminals e. Prenumbering all checks 6. Which of the following control procedures is designed to reduce the risk of theft of inventory? a. Restriction of physical access to inventory b. Periodic physical...
Question 3 1.5 pts An organization can implement which of the following controls to reduce the threat of inventory theft or damage? Obetter production and planning systems O review and approval of fixed asset acquisitions O document all movement of inventory through the production process O improved and more timely reporting
Which statement is incorrect? Question 11 options: 1) Periodic inventory systems provide better control over inventories than perpetual inventory systems. 2) Computers and electronic scanners allow more companies to use a perpetual inventory system. 3) Freight-in is debited to Inventory when a perpetual inventory system is used. 4) Regardless of the inventory system that is used, companies should take a physical inventory count.
All of the following are methods firms can use to reduce the threat of cheating in strategic alliances except which of the following: Contracts Joint ventures Tacit Collusion Equity investments
Which of the following statements regarding the periodic and perpetual inventory systems is correct? A. Inventory is updated after each sale under the periodic method B. Under the periodic method, the amount of inventory is not known until the end of the period when an inventory count is taken C. Inventory on hand is determined by a physical count only under the perpetual method D. The primary advantage of the periodic method is that it maintains detailed transaction-by-transaction records.
Practice Question 03 Which one of the following statements is correct? Process costing systems use periodic inventory systems. Process costing systems assign costs to departments or processes for a time period. Companies that produce many different products or services are more likely to use process costing systems. O Production is continuous when a job-order costing is used to ensure that adequate quantities are on hand. Click if you would like to Show Work for this question: Open Show Work Practice...
Which of the following dimensions can be used to measure and evaluate purchasing activities? a. Price/Cost. b. Complaints. c. Number of staff. d. Reputation. Which of the following explains ‘Systems Audit’? a. Assessing the internal quality and control system of an organization using a systems approach. b. Assessing the control system of an organization using a systems approach. c. Assessing the internal quality of an organization using a systems approach. d. Assessing the external quality and control system of an...
Performance Metrics: Which of the following are terms used for performance metrics a. Specificity & Precision b. Precision & Recall c. Recall & Sensitivity d. band e All of the above 9. Performance Metrics: When looking at the ROC/AUC curve, what are the values being compared represented on the x-axis and y-axis? a. False Positive Rate and True Positive Rate b. Precision and True Positive Rate c. False Positive Rate and Precision d. True Positive Rate and Specificity e. None...