A Control System in Which Organizational Participants Focus on Data

question 32

Multiple Choice

A control system in which organizational participants focus on data coming out of the system and ways to deal with it is known as a(n) :

• A)employee self-control system.
• B)diagnostic control system.
• C)task and results control system.
• D)interactive control system.

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Definitions:

Third Parties

Individuals or entities that are not directly involved in a contract or legal agreement but may be affected by its outcome.

Ultramares Rule

A legal doctrine determining the liability of accountants for negligence to third parties who rely on their financial reports.

Work Product

Documents, materials, or information prepared in anticipation of litigation, protected from discovery by opposing counsel.

Limited Class

A category with restrictions in terms of the number or type of members it can include, often used in legal contexts or when issuing securities.