A Plan of Organization and a System of Procedures, Implemented

question 43

Multiple Choice

A plan of organization and a system of procedures, implemented by company management and the board of directors, is called:

• A)the budget.
• B)the audit.
• C)internal control.
• D)the Sarbanes -Oxley Act.

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Definitions:

Linear Programming

A mathematical technique used to maximize or minimize a linear objective function, subject to linear equality and linear inequality constraints.

Iso-profit Lines

Lines on a graph representing combinations of outputs that yield the same level of profit.

LP Maximization

Linear Programming Maximization, an optimization technique used to find the highest outcome of a linear objective function given a set of linear constraints.

Parallel

A term that describes events or processes occurring simultaneously within a system or operation.