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:

Power Currency

Represents the varying types of power individuals or entities possess that can be used to influence outcomes in social interactions or negotiations.

Public Speaking

The act of orally presenting information or ideas to an audience.

Low-power Situation

Circumstances where an individual or group has minimal control or influence over outcomes.

Social Power

The ability of an individual or group to influence or control others within a social structure.