Which of the Following Policies Constitutes a Control Weakness Related

question 31

Multiple Choice

Which of the following policies constitutes a control weakness related to the acquisition of factory equipment?

• A)Acquisitions are to be made through and approved by the department in need of the equipment.
• B)Advance executive approvals are required for equipment acquisitions.
• C)Variances between authorized equipment expenditures and actual costs are to be immediately reported to management.
• D)Depreciation policies are reviewed only once a year.

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Definitions:

Syncline

a downward-curving (trough-like) fold in rock layers where the youngest materials are at the center.

Monocline

A geological fold in which all strata are inclined in the same direction, forming a step-like feature in the landscape.

Basin

1. A low-lying area or an area in which sediments accumulate with no surface outlet. 2. A structural feature toward which rock strata are inclined in all directions.

Metamorphic Grade

The intensity of heat and pressure conditions that have altered a rock, affecting its mineral composition and structure during the process of metamorphism.