Which of the Following Would NOT Be Considered a Control

question 98

Multiple Choice

Which of the following would NOT be considered a control activity?

• A)Keeping accounting records
• B)Having written job descriptions
• C)Not having employees take vacations
• D)Changing passwords regularly

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Definitions:

Fixed Costs

Financial obligations like rent, salaries, and insurance that do not vary with changes in production or sales figures.

Utilization Rate

Typically refers to the ratio of currently used resources to the total available resources, often used in the context of credit utilization or operational capacity.

Net Income

The total earnings or profit of a person or company after deducting all expenses and taxes.

Variable Costs

Expenses that fluctuate based on the amount of products or services a company generates.