While Performing a Financial Analysis for His Organization, Morris Discovers

question 16

Multiple Choice

While performing a financial analysis for his organization, Morris discovers that there has been mismanagement of employee funds over the past three months. He immediately reports this to his supervisors. In this scenario, Morris is most likely a(n) _____.

• A) public prosecutor
• B) government accountant
• C) internal auditor
• D) public accountant

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Definitions:

Economic Recessions

Periods when an economy experiences a decline in gross domestic product, income, employment, and trade lasting for several months or years.

Nonprofit Organizations

Entities that operate for a collective, public or social benefit, rather than to generate profits for owners or investors.

Environmental Scanning

A process used by companies to monitor their external and internal environments to detect early signs of opportunities and threats that may influence future strategies.

Market Opportunities

Identifiable segments within a market where a company can focus its efforts to offer a product or service that meets a need, often through competitive advantage.