Which of the following is not an element of internal control for inventory?
A)Authorization for all purchases.
B)Proper accounting for receipt of inventory.
C)Perpetual inventory system.
D)Rapid introduction of new products without market studies.

Question

Quizplus · Accepted Answer

Rapid introduction of new products without market studies does not relate to internal control for inventory. Internal controls for inventory typically include authorization for all purchases, proper accounting for receipt of inventory, and the use of a perpetual inventory system.

Which of the Following Is Not an Element of Internal