Which of the Following Is Not a Type of Performance

question 62

Multiple Choice

Which of the following is not a type of performance audits?

• A) presidential audits
• B) operational audits
• C) consultant audits
• D) certification audits
• E) quantitative audits

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Definitions:

Planning

The process of creating strategies and outlining tasks to achieve a specific goal.

Directing

The process of guiding, leading, and managing employees in an organization to achieve its objectives.

Controlling

The process of monitoring, comparing, and correcting activities to meet organizational goals and objectives, often part of managerial accounting.

Work in Process Inventory

Inventory that includes all the materials, labor, and overhead costs for products that are in the process of being manufactured but are not yet complete.