Identify the Statement Below Which Is True

question 38

Multiple Choice

Identify the statement below which is true.

• A)Requiring two signatures on checks over $20,000 is an example of segregation of duties.
• B)Although forensic specialists utilize computers,only people can accurately identify fraud.
• C)Internal auditors,rather than external auditors,can conduct evaluations of effectiveness of Enterprise Risk Management processes.
• D)Re-adding the total of a batch of invoices and comparing the total with the first total you calculated is an example of an independent check.

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Definitions:

Marginal Revenue

The increase in revenue that results from the sale of one additional unit of a product or service.

Positive Profit

Positive profit occurs when a business's total revenues exceed its total costs, indicating financial gain from its operations.

Marginal Costs

Relates to the additional expenses faced when a business decides to increase its output or product quantity by one more unit.

Average Total Cost

The total cost of production divided by the quantity produced, representing the per-unit cost of production.