The Following Set of Items Describes Activities Completed by a Company

question 127

Multiple Choice

The following set of items describes activities completed by a company in purchasing and paying for merchandise and in collecting cash for merchandise sales. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. (Choices may be used more than once.)
-Mathematical extensions and footings on purchase invoices are verified before the invoices are paid.

• A)Adheres to sound internal controls
• B)Violates sound internal controls
• C)Neither strengthens nor violates internal control

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Definitions:

Predispositions

The tendency or likelihood to behave in a certain way or to develop certain conditions based on genetic or environmental factors.

Self-Actualization

A realization or fulfillment of one's talents and potentials, often considered as the highest need in Maslow's hierarchy of needs.

Big Five

A framework describing five major aspects of personality characteristics: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Agreeableness

A personality trait characterized by compassion and cooperativeness toward others.