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.

Analyze factors contributing to poverty, including education, employment, and family dynamics.

Describe the role of government transfer payments and social insurance programs in addressing poverty and inequality.

Examine the impact of demographic factors and policy decisions on poverty rates and income inequality.

Evaluate the effectiveness of welfare programs and their criteria, including means-tested and in-kind benefits.

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Definitions:

Benchmarking

The process of comparing one's business processes and performance metrics to industry bests or best practices from other companies.

Incorporate

Refers to the process of legally declaring a company as a separate entity from its owners.

Staff Planners

Professionals or tools focused on optimizing workforce distribution to ensure that the right number of employees with the right skills are in the right place at the right time.

Major Components

The primary or most important parts that make up a system, structure, or entity.