Which of the Controls Below Would Be Least Effective at Preventing

question 29

Multiple Choice

Which of the controls below would be least effective at preventing a company from ordering goods at a price higher than market?

• A)Only place orders with vendors on an approved vendor list.
• B)Variance analysis of actual expenses to budgeted expenses
• C)For high-dollar goods,solicit competitive bids from possible vendors.
• D)Frequent review of,and update to,vendor price lists stored in the AIS

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Highly Inelastic

Describes a situation where the demand or supply for a good or service is hardly affected when the price changes.

Highly Elastic

Describes a situation where the demand or supply of a product changes significantly in response to changes in price.

Excise Tax

A tax on the sale or consumption of specific goods or services, such as alcohol or gasoline.

Price Elasticity

A measure of the responsiveness of the quantity demanded or supplied of a good to a change in its price.