The Management Process of Determining What Happened,and What to Do

question 68

Multiple Choice

The management process of determining what happened,and what to do about it,is called:

• A)Staffing.
• B)Planning.
• C)Evaluation.
• D)Execution.
• E)Accounting.

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Definitions:

Premium Cost

The additional amount paid over the normal cost for something, often for insurance or for acquiring a financial instrument before maturity.

Internal Control

Systems and processes implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Unnumbered Checks

Unnumbered checks are checks that do not have a pre-printed sequential number, potentially raising security and tracking concerns within financial transactions.

Reference Source Documents

Original documents that provide evidence and details of business transactions, used for accounting and auditing purposes.