Physical security internal control activity is followed when inventory storage areas are secured with limited access.
Inventory includes both the raw materials needed in production and the finished commodities that are offered for sale. One of a company's most valuable assets is its inventory because it is one of the main sources of revenue generation and, consequently, a source of profits for the company's shareholders. Finished commodities, work-in-progress, and raw materials are the three different categories of inventory. Both the products that are on hand for sale and the raw materials required to make those products are considered inventory. On the balance sheet of an organization, it is categorized as a current asset.
To learn more about inventory, visit:
https://brainly.com/question/15118949
#SPJ4
