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Which are methods that can be used to decrease loss of revenue?

(A) Use travel sheets to decrease missed charges
(B) Implement controls to prevent employee theft
(C) Manage inventory appropriately
(D) All of the above
(E) Both A and B

1 Answer

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Final answer:

To decrease loss of revenue, businesses should use travel sheets to capture all charges, implement theft-prevention controls, and manage inventory effectively. The correct answer is (D) All of the above.

Step-by-step explanation:

The question asks about methods that can decrease loss of revenue for a business. Options A (Use travel sheets to decrease missed charges), B (Implement controls to prevent employee theft), and C (Manage inventory appropriately) all represent strategies that could reduce revenue loss. Opting for travel sheets ensures that all services provided are accounted for and billed. Implementing controls to help prevent employee theft protects assets and reduces unnecessary loss. Appropriately managing inventory helps in avoiding overstocking, thereby reducing waste and spoilage. Therefore, the correct answer to decrease loss of revenue would indeed be: (D) All of the above as each option contributes to a comprehensive loss prevention strategy.

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