In Order to Strengthen Controls Over Cost Accounting Information, a Company

question 134

Multiple Choice

In order to strengthen controls over cost accounting information, a company should consider implementing

• A) perpetual inventory master files.
• B) a job order cost accounting system.
• C) an accounting system that keeps separate the records of the accounting department from the records of the production department.
• D) an economic quantity order system.

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Definitions:

Internal/External Locus

Refers to the degree to which individuals believe they have control over events affecting them. Internal locus means believing one can control events, while external locus means belief that external forces control outcomes.

Self-Concept

An individual's perception of themselves, encompassing beliefs, feelings, and thoughts about one’s abilities and attributes.

Self-Efficacy

refers to an individual’s belief in their own ability to complete tasks and achieve goals.

Self-Adulation

The act of excessive admiration or praise of oneself.