Work Steps That Are Internal Controls Within the Business Process

question 50

Multiple Choice

Work steps that are internal controls within the business process would include:

• A)Using an electronic register to record all sales transactions.
• B)Combining both manual and computer based records.
• C)Reconciling a cash register at the end of each day.
• D)Preparation of internal reports to monitor the performance of a specific department.

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Definitions:

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs.

Outward Shift

A movement of the supply or demand curve in an economic diagram indicating an increase in supply or demand, leading to changes in price and quantity.

Consumption Level

The total amount of goods and services that an individual or group consumes over a specific period.

Technological Improvement

Innovations and advancements in technology that enhance productivity, efficiency, and quality of goods and services.