All of the Following Are Significant Deficiencies Except

question 62

Multiple Choice

All of the following are significant deficiencies except:

• A)inadequate design of internal control over a significant account or process.
• B)management override of controls.
• C)inadequate provisions for safeguarding assets.
• D)inventory is highly subject to obsolescence.

Analyze the effect of sales mix on break-even and target profit points.

Determine the degree of operating leverage based on company income statements.

Apply break-even and target profit concepts across multiple product lines, considering the sales mix.

Understand the concept of margin of safety and how to calculate it.

---

Definitions:

Phonological Awareness

The ability to recognize and manipulate sounds in spoken language, including rhyming and syllable counting.

Shiritori

A Japanese word game in which players take turns to say a word which begins with the final kana of the previous word.

Juvenile Authorities

Official agencies responsible for the supervision, rehabilitation, and welfare of young persons who have been accused or convicted of criminal activities.

Permissive

Permissive refers to a parenting or leadership style characterized by low demands with high responsiveness, where individuals are allowed considerable freedom in their behaviors.