Which of the Following Is Correct About the Government Accountability

question 14

Multiple Choice

Which of the following is correct about the Government Accountability Office?

• A) It prepares budgets for executive agencies under the direction of the President.
• B) It reviews agency budget requests for the President.
• C) It prepares audits and evaluations for the President.
• D) It does not report to the President.

---

Definitions:

Factory Supplies Inventory

Items stored by a manufacturing company that are necessary for the maintenance of machinery and the manufacturing process but are not part of the finished goods.

Work-In-Process

Work-in-process (WIP) refers to partially finished goods that are still in the production process at a manufacturing company's inventory.

Payroll

The total amount of wages, salaries, and other earnings paid to employees by a company.

Finished Goods Inventory

The inventory of finished goods available for sale but which remain unsold.