Chas Mulligan Has Been Hired by Yardley Security as an Assistant

question 24

Multiple Choice

Chas Mulligan has been hired by Yardley Security as an assistant to the internal auditor.He has been asked to thoroughly document the existing accounting information system in preparation for making recommendations for improvements to internal controls.He decides to begin with a description of the information stored in paper records,their sources,and their destinations.The documentation tool that he should employ for this purpose is a

• A) data flow diagram.
• B) document flowchart.
• C) system flowchart.
• D) program flowchart.

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Definitions:

Marginal Utility

An additional amount of satisfaction gained from consuming an extra unit of a good, highlighting the concept of diminishing returns.

Total Utility

The total satisfaction received from consuming a certain amount of goods or services.

Corn Dogs

A popular snack consisting of a hot dog coated in a thick layer of cornmeal batter and deep-fried.

Marginal Utility

The additonal satisfaction or utility that a person receives from consuming an additional unit of a good or service.