Marian Is a Single Mother with Two Children

question 78

Multiple Choice

Marian is a single mother with two children. She is often busy during weekends, so she tries to squeeze in time for grocery shopping during the week. She usually picks up staples such as bread, eggs, and milk on her way back from work. Marian's shopping for groceries and other staples is an example of _____.

• A) epistemic shopping
• B) acquisitional shopping
• C) experiential shopping
• D) impulsive shopping

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Definitions:

Internal Control

Processes and procedures implemented by an organization to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Sarbanes-Oxley Act

A United States federal law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.

Organizational Mission

The fundamental purpose or goal that guides an organization, describing what it seeks to achieve and who it serves.

Internal Control

Internal control comprises the rules, policies, and procedures an organization implements to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.