TB Figure 10

question 50

Essay

TB Figure 10.11 is the annotated systems flowchart for the order entry/sales process. TB Figure 10.12 is the related control matrix. Following the control matrix is a description of the first control plan, P-1.
Required:
Using the format shown for control plan P-1, write descriptions for control plans P-2, P-10, P-14, P-15, and M-1.
P-1: Anter customer order close to whers the ordar is receivad
Affectivans goals a and C. effeient employment of resourees: Use of this stratepy places CSRs in a pasition to pracess custamer arders inmediately, and being farniliar writh the arders allaws the CSRs to input the arders mare quickly, which leads to tinely ackowledgements and shipments and more arders processed by each representative (efficiency).
sales ordar input completeness: By having the CSRs enter the sales data rather than forwarding to a data entry function, the risk of arders getting lost should be reduced. sales order inpud accuraey: Because CSRs are farriliar with the type of data being entered and can correct any ingut errors "an the spot," input accuracy should be ingraved.

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Definitions:

Mutual Agency

A principle in partnerships where each partner has the power to bind the entire partnership to a contract or agreement.

Limited Liability

A principle where a company's shareholders are legally responsible for its debts only to the extent of the amount of capital they invested.

Capital Contributions

Funds or assets provided by owners or investors to increase a company's capital.

Capital Account

An account on a nation's balance of payments that records transactions involving the acquisition or disposal of assets.