An Auditor Is Concerned That Her Company's Purchasing Process Is

question 65

Multiple Choice

An auditor is concerned that her company's purchasing process is not functioning as efficiently as possible.Which type of audit will best address her concern?

• A)Financial
• B)Operational
• C)Management
• D)Purchasing

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Definitions:

Federal System

A system of government where power is divided between a central (or federal) government and regional (state or provincial) governments.

Governmental Responsibilities

Duties and obligations that a government is expected to carry out for the benefit of its citizens, including providing public services, ensuring national security, and upholding the law.

Federal Arrangement

A political system where power is divided between a central government and various regional governments.

Diverse Ethnic

Referring to a variety of ethnic groups and cultures within a given population.