From an Internal Control Standpoint, What Type of Controls Are

question 16

Multiple Choice

From an internal control standpoint, what type of controls are thorough background checks and bonding of employees?

• A)Physical controls
• B)Human resource controls
• C)Independent checks of performance
• D)Documentation

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Definitions:

Consumer's Spending

The total amount of money spent by individuals or households on goods and services within a particular period.

Income Effects

Changes in consumer behavior as a result of an individual's income changing, affecting the quantity demanded for goods and services.

Optimal Consumption Bundle

The consumption bundle that maximizes a consumer’s total utility given that consumer’s budget constraint.

Budget Constraint

The limitation on the consumption bundles that a consumer can afford, based on income and prices.