The following is a list of six control plans from this chapter or from Chapters 9, 10, and 11. This is followed be a list of five statements describing either the achievement of a control goal (i.e., a system success) or a system deficiency (i.e., a system failure). Match the five control goals or systems deficiencies with a control plan that would best achieve the desired goal or prevent the system deficiency. Each letter may be used only once, with one letter left over.

Control Plans

1. A. File completed and signed receiving report in receiving:
2. B. Select vendors who can provide goods with appropriate quality
3. C. Approve purchase order
4. D. Compare input receipt data with PO
5. E. Independent authorization to record receipt
6. F. Reorder points and automatic generation of alerts

Process Failures

1. 1. A purchasing agent ordered unneeded inventory items from a supplier company of which he is one of the officers.
2. 2. The vendor shipped goods that were never ordered. These receipts are recorded as received and put in stock.
3. 3. Goods were stolen by storeroom personnel. When the shortage was discovered, the storeroom personnel claimed that the goods had never been delivered to them from the receiving department.
4. 4. An organization seems to regularly run out of inventory for some of its most popular items.
5. 5. The materials going into production do not meet quality standards.

Corporate Financial Accounting

Financial & Managerial Accounting

Cornerstones of Financial Accounting

Accounting

STATISTICS F/BUSINESS+ECONOMICS-TEXT

Brief Principles of Macroeconomics (MindTap Course List)

Principles of Economics (MindTap Course List)

Probability and Statistics for Engineering and the Sciences

Fundamentals of Financial Management, Concise Edition (MindTap Course List)

Essentials of Business Communication (MindTap Course List)

Foundations of Business (MindTap Course List)

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

ECON MICRO

Principles of Microeconomics (MindTap Course List)

ECON: MICRO4 (New, Engaging Titles from 4LTR Press)

Principles of Macroeconomics (MindTap Course List)

Fundamentals of Financial Management (MindTap Course List)

Financial And Managerial Accounting

Financial Accounting

Management, Loose-Leaf Version

ECON MACRO

Essentials of Economics (MindTap Course List)

College Accounting, Chapters 1-27

Contemporary Marketing

Intermediate Accounting: Reporting And Analysis

College Accounting (Book Only): A Career Approach

MKTG 12:STUDENT ED.-TEXT

Managerial Accounting: The Cornerstone of Business Decision-Making

Accounting Information Systems

Economics:

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

Fundamentals of Financial Management (MindTap Course List)

Statistics for Business & Economics, Revised (MindTap Course List)

Exploring Economics

Financial Accounting

Accounting (Text Only)

College Accounting (Book Only): A Career Approach

Financial & Managerial Accounting

Pkg Acc Infor Systems MS VISIO CD

Principles of Macroeconomics (MindTap Course List)

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

Survey of Accounting (Accounting I)

Economics (MindTap Course List)

Macroeconomics

Microeconomics

Practical Management Science

Corporate Financial Accounting

Economics For Today

PAYROLL ACCT.,2019 ED.(LL)-TEXT

Purchasing and Supply Chain Management

Cornerstones of Cost Management (Cornerstones Series)

Bcom