The Least Effective Control for Preventing an Organization from Processing

question 108

Multiple Choice

The least effective control for preventing an organization from processing fraudulent credit memo is to

• A)match each credit memo with a receiving report.
• B)require approval for each credit memo by the credit manager.
• C)reconcile total of credit memos to total debits posted to customers' subsidiary ledgers.
• D)sequentially prenumber all credit memos and perform a sequence check at the end of each day.

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Definitions:

Constructivist Accuracy

The degree to which an individual's understanding or perception of the social world is accurately constructed or formed.

Intellectual Expectancies

Beliefs or predictions about one's own capacity for learning, understanding, and intellectual growth.

Self-Efficacy

An individual's belief in their own capacity to execute behaviors necessary to produce specific performance attainments.

Lay Judgments

Decisions or opinions formed by non-experts based on common sense or personal experiences.