Operational Audits Do Not Include Determining

question 76

Multiple Choice

Operational audits do not include determining

• A)whether the entity is acquiring,practicing,and using resources economically and efficiently.
• B)review of control systems to ensure compliance with company policies.
• C)the causes of inefficiencies or uneconomical practices.
• D)whether the department's goals are aligned with the organization's goals.

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Definitions:

Indifference Curve

A graph showing different combinations of two goods that provide the same level of utility or satisfaction to a consumer.

Utility

In economics, a measure of satisfaction, usefulness or value that an individual gains from consuming goods and services.

Consumption Bundle

A combination of goods and services selected by a consumer for personal use.

T-Shirts

A basic item of clothing characterized by short sleeves, generally made of cotton, and lacking a collar.