During an Interview with a Data-Entry Clerk in the Human

question 58

Multiple Choice

During an interview with a data-entry clerk in the human resources department, an internal auditor recognizes a potentially significant weakness with a database system used to track employee performance ratings. Which of the following actions should the auditor take after discovering the weakness?

• A) Schedule a series of follow-up interviews with the data-entry clerk.
• B) Avoid either directly or indirectly confronting the data-entry clerk about the system weakness.
• C) Question the data-entry clerk indirectly to help obtain more factual information about the weakness.
• D) Immediately document the weakness and write a report to the data-entry clerk's superior.

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Definitions:

Low-cost Producer

A manufacturer or service provider with a competitive advantage allowing them to offer goods or services at a lower price than competitors, often due to operational efficiencies.

Consumer Surplus

The variance between the aggregate amount consumers can and will pay for a good or service versus the amount they actually spend on it.

Producer Surplus

is the difference between what producers are willing to accept for a good or service versus what they actually receive.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in a stable market.