Explicitly Identifying the Different Employees Who Participate in Each Event

question 59

Multiple Choice

Explicitly identifying the different employees who participate in each event by their job functions is helpful when verifying

• A)internal controls.
• B)job descriptions.
• C)proper supervision.
• D)segregation of duties.

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Definitions:

Subjective Approaches

Methods based on personal opinions, interpretations, points of view, or judgments rather than on objective or external data.

WACC

Weighted Average Cost of Capital, a calculation that reflects the average rate that a company is expected to pay its security holders to finance its assets.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a dataset, assigning weights accordingly.

Cost of Capital

The expected returns an investor requires to make an investment worthwhile, often used as a benchmark to evaluate the viability of investment projects.