A Significant Deficiency Is a Deficiency, or a Combination of Deficiencies

question 29

Multiple Choice

A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that ________ ________.(choose two options) .

• A)is less severe than a material weakness
• B)merits attention by those charged with governance
• C)is more severe than a material weakness
• D)does not merit attention by those charged with governance

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Definitions:

Continuous Schedules

Work schedules or production plans that operate non-stop, typically 24 hours a day, often applied in industries that require constant operation.

Extinction

Also a term from reinforcement theory, extinction refers to the situation in which a behavior is followed by no consequences and eventually disappears.

Underpayment Inequity

A situation where a person perceives that they receive less compensation than they deserve, compared to others in similar positions.

Reduce Inputs

A cost-saving and efficiency strategy which focuses on lowering the resources (such as materials, labor, and energy) used in the production process.