All of the Following Are Examples of Internal Control Procedures

question 146

Multiple Choice

All of the following are examples of internal control procedures except

• A)using prenumbered documents.
• B)reconciling the bank statement.
• C)customer satisfaction surveys.
• D)insisting that employees take vacations.

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Definitions:

Employee Expectations

Refers to the assumptions and desires employees have regarding their work, roles, and the organization they work for, influencing their job satisfaction and performance.

Profitability

A financial metric that measures the degree to which a company or a business activity makes money, indicating the efficiency in generating profits.

Economic Condition

The state of a region's or country's economy, reflected in indicators such as GDP, unemployment rates, and inflation.

Wage Structure

The organization and scaling of wages within an organization, setting the relative pay levels for different roles or job grades.