The Organization Chart for Renata Corporation Includes a Controller and an Information

question 41

Multiple Choice

The organization chart for Renata Corporation includes a controller and an information processing manager,both of whom report to the vice president of finance.Which of the following would be a control weakness?

• A) assigning the programming and operating of the computer system to an independent control group which reports to the controller
• B) providing for maintenance of input data controls by an independent control group which reports to the controller
• C) periodically rotating assignment of application processing among machine operators, who all report to the information processing manager
• D) providing for review and distribution of system-generated reports by an independent control group which reports to the controller

---

Definitions:

Marginal Cost

The added cost of producing one additional unit of a product or service.

Mineral Water

A type of water that contains various minerals and is often bottled and sold for consumption.

Monopsonist

A market condition where there is only one buyer facing many sellers, giving the buyer substantial control over the market price.

Supply Curve

A visual diagram illustrating the connection between a product's price and the amount of the product that sellers are prepared to offer.