Which of the Following Control Activities May Prevent the Failure

question 48

Multiple Choice

Which of the following control activities may prevent the failure to bill customers for some shipments?

• A)Each shipment should be supported by a prenumbered sales invoice that is accounted for.
• B)Each sales order should be approved by authorized personnel.
• C)Sales journal entries should be reconciled to daily sales summaries.
• D)Each sales invoice should be supported by a shipping document.

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Definitions:

Generic Human Capital

Refers to the broad and universally applicable skills, knowledge, and experience that individuals possess, which can be transferred and applied across various industries and roles.

Generic Human Capital

Skills, knowledge, and abilities possessed by an individual that are not specific to any one job or company, making them valuable across different roles and industries.

Competencies

The combination of observable and measurable knowledge, skills, abilities, and personal attributes that contribute to enhanced employee performance and ultimately result in organizational success.

Firm-Specific Human Capital

Skills, knowledge, and abilities that an employee acquires through training and experience that are valuable to a specific firm.