ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is a red flag in your inventory usage report?
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Unusually high numbers
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Negative numbers
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0 usage
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All of the above
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Explanation:
Detailed explanation-1: -Customers trying to launder funds may carry out unusual transactions. Firms should look out for activity that is inconsistent with their expected behavior, such as large cash payments, unexplained payments from a third party, or use of multiple or foreign accounts. These are all AML red flags.
Detailed explanation-2: -Red flags are signs that things are going wrong in the organisation due to ineffective leadership. When looking for red flags, a company director should first look at the organisation’s approach to corporate governance, particularly the integrity of people at the top.
There is 1 question to complete.