Which of the Following Policies Is an Internal Control Weakness

question 38

Multiple Choice

Which of the following policies is an internal control weakness related to the acquisition of factory equipment?

• A)Acquisitions are made through and approved by the department in need of the equipment.
• B)Advance executive approvals are required for equipment acquisitions.
• C)Variances between authorized equipment expenditures and actual costs are to be immediately reported to management.
• D)Depreciation policies are reviewed only once a year.

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Definitions:

Learning Sets

The capability to learn more efficiently and effectively based on the experiences gained from solving previous problems.

Insight Learning

A form of cognitive learning where problem-solving occurs through a sudden understanding or epiphany rather than by trial and error.

Law of Effect

A psychological principle suggesting that behaviors followed by favorable consequences become more likely, and behaviors followed by unfavorable consequences become less likely.

Skinner

B.F. Skinner was an influential American psychologist known for his research in behaviorism and for developing the theory of operant conditioning, focusing on the consequences of actions to modify behavior.