__________ Control Is Action Taken to Minimize Negative Impacts on Customers/stakeholders

question 112

Multiple Choice

__________ control is action taken to minimize negative impacts on customers/stakeholders due to faulty outputs.

• A) Rework
• B) Preliminary
• C) Concurrent
• D) Damage

Understand the effects of discrimination on employee health and job outcomes.

Recognize practices that contribute to workplace diversity and the barriers to valuing it.

Understand the concept of opportunity costs and its implications on individual behaviors.

Recognize the mechanisms used by markets to mitigate adverse selection and information asymmetry.

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Definitions:

Separation of Duties

A key internal control that involves dividing responsibilities among different people to reduce the risk of error or fraud.

Fraud

Dishonest or illegal trickery used to achieve financial or personal advantages.

Cashier Checks

A check issued by a bank, drawn on its own funds rather than on one of its depositor's accounts, guaranteeing payment.

Postage Stamps

Small pieces of paper issued by a government or an official postal administration, denoted with a specified value, and used to pay for the shipment of mail.