Sam Jones Has Been the Controller of Downtown Tires for 25

question 33

Multiple Choice

Sam Jones has been the controller of Downtown Tires for 25 years.Ownership of the firm recently changed hands and the new owners are conducting an audit of the financial records.The audit has been unable to reproduce financial reports that were prepared by Sam.While there is no evidence of wrongdoing,the auditors are concerned that the discrepancies might contribute to poor decisions.Which of the following characteristics of useful information is absent in the situation described above?

• A)relevant
• B)reliable
• C)complete
• D)timely
• E)understandable
• F)verifiable
• G)accessible

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Definitions:

Performance Management

The systematic process by which an organization involves its employees in improving organizational effectiveness in the accomplishment of its mission and goals.

Employee Benefits

Refers to various types of non-wage compensation provided to employees in addition to their normal wages or salaries.

Communication

This involves the imparting or exchanging of information by speaking, writing, or using some other medium, and is essential for successful human interaction.

HRISs

Human Resource Information Systems; technological solutions used to manage people, policies, and procedures in organizations efficiently.