A Well-Designed Organizational Structure at an Entity

question 5

Multiple Choice

A well-designed organizational structure at an entity

• A)has operations and programming personnel tasks combined.
• B)clearly defines authority and responsibility assignments.
• C)requires that wage rates are recorded and tracked by the human resources department.
• D)has the internal audit department report to the Chief Financial Officer.

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Definitions:

Relevant Costs

All costs that vary with the consequence of a decision.

Irrelevant Costs

Costs that will not be affected by a decision and thus should not influence the decision-making process.

Touch Screen

An electronic visual display that can detect the presence and location of a touch within the display area, used for interaction.

Orders

Instructions to buy or sell securities or goods, often given to a broker or company.