Question 1 (12 marks/15 minutes) With regard to the Inventory process control goals of effectiveness...
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Accounting
Question 1 (12 marks/15 minutes)
With regard to the Inventory process control goals of effectiveness of operations, efficiency of operations, and resource security:
(i) Give two (2) example controls for each of the three process control goals.
(6 marks)
(ii) For each of the three process control goals, select one example control from your answer to (i). Explain how the control supports the production planning process, and explain the risks to the production process if such a control was not in place. (6 marks)
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