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NEW QUESTION: 1
Which of the following internal controls most likely would be used to maintain accurate inventory records?
A. Periodic inventory counts are used to adjust the perpetual inventory records.
B. Requisitions, receiving reports, and purchase orders are independently matched before payment is
approved.
C. A just-in-time inventory ordering system keeps inventory levels to a desired minimum.
D. Perpetual inventory records are periodically compared with the current cost of individual inventory
items.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. In order to maintain accurate perpetual inventory records, periodic inventory counts
should be used to adjust perpetual records.
Choice "A" is incorrect. By comparing perpetual inventory records to current costs, the company ensures
that the inventory is appropriately valued at the lower of cost or market, but the accuracy of the perpetual
inventory is not assured.
Choice "B" is incorrect. While a just-in-time inventory system will usually reduce the amount of inventory on
hand, it does not necessarily improve the accuracy of inventory records.
Choice "C" is incorrect. The matching of requisitions, receiving reports, and purchase orders is a control to
ensure that purchases of inventory are properly authorized, but it does not necessarily improve the
accuracy of inventory records.
NEW QUESTION: 2
A. secret
B. auth
C. noauth
D. priv
Answer: D
NEW QUESTION: 3
What is the purpose of the <context> tag for OneClick menu items?
A. Associates the menu item with a specific menu
B. Restricts the enabled state of a menu item based on criteria you select
C. Specifies whether the menu item is available for selected models, alarms, or both
D. Shows the menu item only to users or groups you specify
Answer: C
NEW QUESTION: 4
One byte is equivalent to:
A. 2 bit
B. 4 bit
C. 16 bit
D. 8 bit
Answer: D
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