An Important Part of Effectiveness and Efficiency of Controls Is

question 86

Multiple Choice

An important part of effectiveness and efficiency of controls is safeguarding assets and records.This refers to:

• A) general ledger and journals.
• B) physical assets of a company.
• C) confidential documents.
• D) all of the above

Identify and classify costs as variable or fixed.

Understand the concept of direct and indirect costs.

Calculate manufacturing costs and cost of goods sold.

Understand the concept of differential cost and opportunity cost.

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Definitions:

Bluetooth

A wireless technology standard for exchanging data over short distances between fixed and mobile devices, creating personal area networks.

NFC

Near Field Communication, a set of communication protocols that enable two electronic devices, one of which is usually a portable device such as a smartphone, to establish communication by bringing them within 4 cm of each other.

RFID

Radio-frequency identification, a technology using electromagnetic fields to automatically identify and track tags attached to objects.

Mobile Health App (mHealth)

A mobile application designed to offer health-related services and information via smartphones, tablets, or wearable devices.