Which of the Following Controls Can Minimize the Threat of Misleading

question 24

Multiple Choice

Which of the following controls can minimize the threat of misleading reports?

• A)The use of innovative performance metrics.
• B)The use of periodic physical counts of inventory and reconciliation of those counts to recorded quantities.
• C)The use of encryption.
• D)The use of production planning systems.

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Definitions:

Regressive Tax

A tax system wherein the tax rate decreases as the taxable amount increases, placing a higher burden on lower-income earners.

Sales Tax

A tax on the value of goods sold.

Wealth Tax

A tax on the wealth of an individual.

Sales Tax

A tax imposed by a government on sales of goods and services, typically calculated as a percentage of the purchase price.