Which of the following statements is TRUE regarding the prevention of inventory theft?

Detailed Explanation:

Rationale for Correct Answer: Prenumbering and controlling shipping documents is a strong preventive measure against inventory theft because it ensures all inventory leaving the warehouse is properly authorized and tracked.

Analysis of Incorrect Options:

A. Same person for requisition and receiving – Violates segregation of duties.

B. Purchasing supervisor counting inventory – Creates conflict; inventory should be counted by independent staff.

D. Same person for shipping and scrap – Increases fraud risk.

Key Concept: Inventory theft prevention — control over documentation.