The Process of Identifying, Describing, and Evaluating the Activities an Organization

question 141

Multiple Choice

The process of identifying, describing, and evaluating the activities an organization performs is called:

• A)Activity inputs
• B)Driver analysis
• C)Activity analysis
• D)Value-added activities

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Definitions:

Internal Control Procedures

These are policies and procedures implemented by a business to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Public Companies

Companies that issue publicly traded debt or equity securities.

Sarbanes-Oxley Act

U.S. legislation passed in 2002 aimed at protecting investors from fraudulent financial reporting by corporations.

Public Exchanges

Marketplaces where stocks, bonds, and other securities are traded among investors.