Which of the Following Represents an Application Control for a Customer

question 4

Multiple Choice

Which of the following represents an application control for a customer sale?

• A)The customer name must be populated.
• B)Accounts are reconciled.
• C)A manager reviews all return transactions.
• D)Procedures are documented.

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Definitions:

Analyzing Bids

The process of reviewing and comparing proposals from vendors or contractors to select the best option.

Due Diligence

It involves a comprehensive appraisal or investigation conducted to establish the assets, liabilities, and commercial potential of a business entity before financial transactions or agreements.

Transactional Work

Tasks or jobs that involve routine and standard processes where the input-output relationship is relatively direct and predictable.

Management's Time

Refers to how managers allocate their working hours among various tasks and responsibilities to effectively run an organization.