Which of the Controls Below Would Be Least Effective at Preventing

question 29

Multiple Choice

Which of the controls below would be least effective at preventing a company from ordering goods at a price higher than market?

• A)Only place orders with vendors on an approved vendor list.
• B)Variance analysis of actual expenses to budgeted expenses
• C)For high-dollar goods,solicit competitive bids from possible vendors.
• D)Frequent review of,and update to,vendor price lists stored in the AIS

Grasp the concept of representation and organization in the cerebral cortex in relation to body control and sensory processing.

Identify the primary components of the limbic system and their roles in emotional and endocrine regulation.

Understand the fundamental differences between mergers, consolidations, takeovers, and share exchanges.

Recognize the legal requirements for various types of corporate combinations, including shareholder and creditor approvals.

---

Definitions:

State

A political entity characterized by a defined territory, permanent population, a government, and the capacity to enter into relations with other sovereign states.

Local Government

The administration and governance of a specific locality, such as a city, town, or county, dealing with local issues and services.

Civil Service Act

Legislation that established the merit-based system for selecting government officials and employees, aiming to eliminate corruption by making competence and ethics primary criteria.

1883

The year notable for the United States Supreme Court's decision in the Civil Rights Cases, which significantly limited the rights of blacks to use public accommodations.