Missouri Can Corporation (MCC) Manufactures and Sells a Variety of Can

question 57

Multiple Choice

Missouri Can Corporation (MCC) manufactures and sells a variety of can types, such as soft drink cans, oil cans and many others.MCC has adopted a functional organization structure that includes departments for accounting, marketing, manufacturing, human resources and information systems.Which of the following internal controls is unique to the business process indicated?

• A)adequate supervision, human resources
• B)annual operating budgets, financing
• C)Both adequate supervision, human resources and annual operating budgets, financing
• D)Neither adequate supervision, human resources nor annual operating budgets, financing

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Definitions:

Overhaul

A comprehensive examination and repair of machinery or systems to ensure they operate efficiently.

Mortgage

A loan specifically used to purchase real estate, where the property itself serves as collateral until the debt is fully repaid.

Upgrade Cost

The expense associated with making improvements or enhancements to assets, such as equipment or software, to increase their value or efficiency.

Upgrade

An upgrade is a process of replacing a product with a newer version, or enhancing its features or efficiency, often to improve performance or to incorporate new technologies.