Examlex
Which of the following department uses MIS subsystems and outputs to monitor and control the flow of materials, products, and services through the organization?
Pledging Accounts Receivable
The practice of using accounts receivable as collateral for a loan.
Internal Control
Systems and processes put in place by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
Adequate Records
Maintaining sufficient and detailed financial documents to accurately capture a company's transactions, facilitating scrutiny, and ensuring compliance with laws and regulations.
Internal Control
A system of policies and procedures designed by management to safeguard company assets, ensure financial report accuracy, and comply with laws and regulations.
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