An Evaluation of the Effectiveness and Efficiency of Various Systems

question 33

Multiple Choice

An evaluation of the effectiveness and efficiency of various systems within an organization is called a(n)

• A)internal audit.
• B)management audit.
• C)external audit.
• D)budget audit.
• E)Six Sigma analysis.

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Definitions:

Automated Teller Machine Card

A plastic card linked to a bank account, used at ATMs for transactions such as cash withdrawals, deposits, and balance checks.

Bank Account

A bank account is a financial account maintained by a banking institution in which the deposits, withdrawals, and balances of cash are recorded for the account holder.

Adjustment Costs

The costs associated with holding too little cash.

Carrying Costs

Expenses associated with holding or storing inventory, including warehousing, insurance, tax, and depreciation.