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3 Written questions

3 Multiple choice questions

  1. data entry and processing controls; use of bar-code and RFID technology where feasible; periodic reconciliation of records with physical counts
  2. review and approval of fixed-asset transactions; budgetary controls
  3. development and periodic review of appropriate performance reports

2 True/False questions

  1. theft of inventories and fixed assetsrestricted physical access to work-in-process and finished goods inventories and to fixed assets; documenting all materials movements; identification and tracking of all fixed assets; periodic counts of inventory and fixed assets; proper documentation and review of all transactions involving disposal of fixed assets; adequate insurance


  2. over- or under-productionimproved information about effects of product design changes on total costs; detailed data about warranty and repair costs