Which of the Following Internal Controls Most Likely Would Justify

question 360

Multiple Choice

Which of the following internal controls most likely would justify a reduced assessed level of control risk concerning plant and equipment acquisitions?

• A) Periodic physical inspection of plant and equipment by the internal audit staff.
• B) Comparison of current-year plant and equipment account balances with prior-year actual balances.
• C) The review of prenumbered purchase orders to detect unrecorded trade-ins.
• D) Approval of periodic depreciation entries by a supervisor independent of the accounting department.

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Definitions:

Ethnocentric Perspective

A viewpoint that one's own culture is superior to others and is the central point for all decision-making.

Training Evaluation

The assessment of the effectiveness and impact of training programs, aimed at understanding their efficacy in improving employee performance and achieving organizational goals.

Global Manager

A managerial role involving the oversight and integration of operations, strategies, and resources across international borders.

Integrative IHRM Approach

Combining home HR practices with local practices and selecting the most qualified people for the appropriate positions no matter where these candidates come from.