The Person in Charge of Authorizing Credit to Customers Does

question 38

Multiple Choice

The person in charge of authorizing credit to customers does not properly understand what constitutes a credit risk.This is an example of

• A) A management deficiency.
• B) A design deficiency.
• C) A deficiency in operation.
• D) This is not an internal control deficiency.

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Definitions:

Process-Oriented Measures

Metrics used to evaluate the effectiveness and efficiency of a process within an organization.

Balanced Scorecard

A strategic planning and management system used for aligning business activities with the vision and strategy of the organization, improving internal and external communications, and monitoring performance against strategic goals.

Concrete Actions

They refer to specific, definitive steps taken to achieve a goal or implement plans.

Balanced Scorecard

A strategic planning and management system used to align business activities with the vision and strategy of the organization, improving internal and external communications and monitoring organizational performance against strategic goals.