Which of the Following Control Can Reduce the Distribution of Fraudulent

question 68

Multiple Choice

Which of the following control can reduce the distribution of fraudulent paychecks?

• A)Have internal audit investigate unclaimed paychecks.
• B)Allow department managers to investigate unclaimed paychecks.
• C)Immediately mark "void" across all unclaimed paychecks.
• D)Match up all paychecks with time cards.

Recognize the impact of government activities and projects on economic efficiency and social welfare.

Analyze the relationship between the distribution of costs and benefits of public projects and their acceptance or rejection by voters.

Identify the factors that lead to the acceptance of productive (efficient) and the rejection of counterproductive (inefficient) government activities.

Understand the role of incentives in the behavior of voters, politicians, and bureaucrats within the public sector.

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Definitions:

Input Prices

The costs associated with purchasing the raw materials, labor, and other factors of production required to produce goods or services.

Industry Expands

The process of growth within a specific sector of the economy, characterized by an increase in output, sales, or the number of operators.

Average Total Cost Curve

A graphical representation showing the average total cost of producing different quantities of output.

Purely Competitive Firm

A company that operates in a market where there are many buyers and sellers, the products are homogeneous, and there are no barriers to entering or exiting the market.