The Employee in Charge of Authorizing Credit to the Company's

question 25

Multiple Choice

The employee in charge of authorizing credit to the company's customers does not fully understand the concept of credit risk.This lack of knowledge would constitute:

• A)a deficiency in operation of internal controls.
• B)a deficiency in design of internal controls.
• C)a deficiency of management.
• D)not constitute a deficiency.

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Definitions:

Labor Relations

The study and practice of managing unionized employment situations.

British Labor Union

Labor organizations in the United Kingdom, aimed at improving working conditions, wages, and the rights of workers through collective bargaining and political action.

Association

pertains to a group of individuals or organizations that come together with a common purpose or interest.

Influential Union

A labor union that has considerable impact or sway over labor relations, policies, and practices within its industry or more broadly.