During an Audit of Executive Travel, an Auditor Noted That

question 120

Multiple Choice

During an audit of executive travel, an auditor noted that the president's travel expense reimbursements were approved by an executive secretary who reported to the president. The organization's reimbursement policy requires all travel expense reimbursements to be approved by the traveler's supervisor, but it does not address the president's reimbursements. Which of the following represents the auditor's best recommendation in this situation?

• A) The organization's reimbursement policy should be amended to grant the president's executive secretary the authority to approve the president's travel expense reimbursements.
• B) The approval policy for executive travel should be considered at the next meeting of the audit committee of the board of directors.
• C) The president's travel expense reimbursements should be reviewed and approved by the chief financial officer.
• D) The president's noncompliance should be considered immaterial.

Distinguish between a market and a target market in a marketing context.

Identify effective communication strategies for reaching target markets.

Understand the concept of the market being composed of people with both desire and ability to buy.

Recognize the role of environmental forces in shaping marketing decisions.

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Definitions:

Undo Button

A feature in software that allows users to reverse their last action or series of actions.

Mini Toolbar

A small, context-sensitive toolbar that appears near a selected item in some software applications.

Format Painter

A tool in many software applications used to quickly apply formatting from one object or text to another.

Custom Formatting

Custom formatting refers to the process of applying specific formatting options to data in applications like Excel, allowing for personalized presentation styles.