Imagine you are accountable for a franchise fast-food
restaurant. Evaluate the best method of inventory costing and make a
recommendation to the company’s leaders about why it is best suited for
your franchise fast-food restaurant to reduce the possibility of
employee theft of product or other shrinkage concerns.
control requires constant attention. Propose a set of guidelines that
reflect the necessary monitoring controls for three distinct types of
business (e.g., a shoe retailer, a physician’s office, and a food
vending truck) to minimize loss and waste. Indicate how each control
will minimize risk of inventory loss.