Help me with this one please

.Exercise 2: True or False 1. Poor inventory control may result to fraud in 1actory's operation. 2. Companies with known quality control systems find difficulty in increasing the price of their products. 3. Physical control involves making sure that inventories are procured in the right quantity. 4. Separation of functions is part of the internal control in inventory management 5. The recording and custodial functions related to raw materials inventory should ideally be handled by one person as a form of cost saving. 6. It is a good practice for anyone to have access to the raw materials ware house. 7. In the normal course of things, documents are proofs that a transaction transpired. 8. Regular audits can help uncover unauthorized use of raw materials. 9. The purchase requisition need not be approved by the department head as long as the purchase order is approved. 10. Care should be exercised in maintaining a lance between the amount of raw materials inventory and the availability of the same when needed in the production. 11. Lead time is the amount of time needed in production to complete an item. 12. The economic order quantity the frequency and volume of every order of raw materials. 13. It is simpler and less costly to have a uniform inventory policy for all items of raw materials inventory. 14. The last in-first out is the most logical way of storing inventories. 15. Under the Just in Time inventory strategy, the company does not maintain stocks f raw materials and orders raw materials in time for their use in production. .Exercise 2: True or False 1. Poor inventory control may result to fraud in 1actory's operation. 2. Companies with known quality control systems find difficulty in increasing the price of their products. 3. Physical control involves making sure that inventories are procured in the right quantity. 4. Separation of functions is part of the internal control in inventory management 5. The recording and custodial functions related to raw materials inventory should ideally be handled by one person as a form of cost saving. 6. It is a good practice for anyone to have access to the raw materials ware house. 7. In the normal course of things, documents are proofs that a transaction transpired. 8. Regular audits can help uncover unauthorized use of raw materials. 9. The purchase requisition need not be approved by the department head as long as the purchase order is approved. 10. Care should be exercised in maintaining a lance between the amount of raw materials inventory and the availability of the same when needed in the production. 11. Lead time is the amount of time needed in production to complete an item. 12. The economic order quantity the frequency and volume of every order of raw materials. 13. It is simpler and less costly to have a uniform inventory policy for all items of raw materials inventory. 14. The last in-first out is the most logical way of storing inventories. 15. Under the Just in Time inventory strategy, the company does not maintain stocks f raw materials and orders raw materials in time for their use in production