What Should Internal Controls Be Design to Do

question 98

Multiple Choice

What should internal controls be design to do?

• A)Detect errors.
• B)Detect and prevent errors.
• C)Prevent errors.
• D)Eliminate the possibility of fraud.

Distinguish between core and non-core HR activities and their impact on outsourcing decisions.

Understand the impact of outsourcing on employee and organizational outcomes, including morale and brand image.

Grasp the strategic role of HR activities and their suitability for outsourcing.

Comprehend the importance of maintaining confidentiality and security when outsourcing HR functions.

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Definitions:

Availability Heuristic

A cognitive bias that causes people to overestimate the likelihood of events based on their ability to recall examples more easily.

Confirmation Bias

The habit of looking for, comprehending, selecting, and reminiscing about information that validates an individual's prior convictions or theories.

Hindsight Bias

The tendency to believe, after learning an outcome, that one would have foreseen it, also known as the "knew-it-all-along" effect.

Timing Bias

A form of cognitive bias where an individual's decisions or perceptions are influenced by the timing of information or events.