General Controls Must Be Evaluated and Their Impact Considered Upon

question 42

Multiple Choice

General controls must be evaluated and their impact considered upon the human resources and payroll transaction cycle because

• A)there are frequently weaknesses in internal controls in the payroll cycle.
• B)automated techniques are normally used to prepare and post payroll transactions.
• C)the best way to test payroll transactions is usually by using test data.
• D)the best way to test payroll transactions is usually by using generalized audit software.

---

Definitions:

BMWs

A brand of luxury vehicles produced by the German company Bayerische Motoren Werke AG, known for high performance and quality.

Reservation Price

The maximum price a consumer is willing to pay for a good or service, beyond which they would choose not to purchase it.

BMWs

Refers to vehicles manufactured by Bayerische Motoren Werke AG, a German multinational company known for producing luxury vehicles and motorcycles.

Utility Function

A mathematical representation of a consumer's preference ranking for bundles of goods, showing the level of satisfaction derived from each bundle.