"Amounts Due to Vendors Should Be Accurately and Promptly Classified,summarized,and

question 20

Multiple Choice

"Amounts due to vendors should be accurately and promptly classified,summarized,and reported" is a representative control objective of the

• A) revenue cycle.
• B) finance cycle.
• C) production cycle.
• D) expenditure cycle.

---

Definitions:

Goal Agreement

The alignment of objectives among team members or within an organization.

Management by Objectives

A strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees.

Subordinates

Individuals who are lower in rank or position within an organizational hierarchy and are subject to the authority of supervisors or managers.

Goals

Desired end-results or targets that an individual or organization aims to achieve within a specific timeframe.