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A retail company's internal audit has revealed that the current stock management system is inefficient, leading to frequent stockouts and overstocking. What should be the auditor's recommendation? OA. Dismiss the current stock management team. O B. Recommend reducing the product range to simplify stock management. ○ C. Suggest a review and overhaul of the stock management system to improve efficiency. ○ D. Advise the company to ignore the issue as it is common in the retail industry.

A retail company's internal audit has revealed that the current stock management system is inefficient, leading to frequent stockouts and overstocking. What should be the auditor's recommendation? OA. Dismiss the current stock management team. O B. Recommend reducing the product range to simplify stock management. ○ C. Suggest a review and overhaul of the stock management system to improve efficiency. ○ D. Advise the company to ignore the issue as it is common in the retail industry.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A retail company's internal audit has revealed that the current stock management system is inefficient, leading to frequent stockouts and overstocking. What should be the auditor's recommendation? OA. Dismiss the current stock management team. O B. Recommend reducing the product range to simplify stock management. ○ C. Suggest a review and overhaul of the stock management system to improve efficiency. ○ D. Advise the company to ignore the issue as it is common in the retail industry.
Transcribed Image Text:A retail company's internal audit has revealed that the current stock management system is inefficient, leading to frequent stockouts and overstocking. What should be the auditor's recommendation? OA. Dismiss the current stock management team. O B. Recommend reducing the product range to simplify stock management. ○ C. Suggest a review and overhaul of the stock management system to improve efficiency. ○ D. Advise the company to ignore the issue as it is common in the retail industry.
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