Most AIS Designers and Auditors Find It Best to Start

question 8

Essay

Most AIS designers and auditors find it best to start a REA model by identifying events, which come in three broad categories: operating, information and decision / management. Which category best describes each item below?
A. Buying supplies
b. Deciding how to document an AIS
c. Designing internal controls
d. Developing a risk management plan
e. Issuing capital stock
f. Motivating employees
g. Posting transactions to the ledger
h. Purchasing advertising
i. Recording transactions in a journal
j. Selling equipment

Grasp the legal and procedural nuances of wage and salary information disclosure in different sectors.

Appreciate the psychological impacts (e.g., Pygmalion effect) of expectation and recognition on employee performance.

Understand the basic concepts of motivation theories, including Theory X and Theory Y, and their implications for management.

Recognize the significance of job design elements like job enrichment and job enlargement in motivating employees.

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Definitions:

Supply Equation

An algebraic equation that represents the relationship between the quantity supplied of a good and its price, holding other factors constant.

Price Floor

A government or regulatory imposed minimum price above which a particular good or service cannot be traded.

Shortage/Surplus

A market condition where the quantity of a good supplied is less/more than the quantity demanded at the market price.

Price Ceiling

A price ceiling is a government-imposed limit on how high a price can be charged for a product or service, intended to protect consumers from prices that are deemed too high.