A+ Answers

1. Think about the types of inventory systems used in business. Now select and briefly describe a business you would like to own or run and choose the best inventory system for that business. State why you made your choice as you did by stating advantages and disadvantages.

2. Inventory accounting is a good place for fraudulent behavior. Think about the accounting principles and practices related to inventory and list one way that fraudulent behavior might take place. Be very specific. Create one way to reduce the risk of this fraudulent behavior in the business.