A Properly Prepared Systems Flowchart Can Be Used To

question 23

Multiple Choice

A properly prepared systems flowchart can be used to:

• A)Evaluate internal controls in the AIS.
• B)Determine which processes are completed manually in the AIS.
• C)Both evaluate internal controls in the AIS and determine which processes are completed manually in the AIS.
• D)Neither evaluate internal controls in the AIS nor determine which processes are completed manually in the AIS.

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Definitions:

Loan Cost

The total expense that a borrower incurs to take out a loan, including interest rates, fees, and any other charges.

Short-Term Loans

Short-term loans are financial obligations due for repayment within a year, often utilized for immediate cash flow needs.

Fixed Assets

Tangible or intangible items owned by a business that are used over a long period of time for the operation of the business, such as buildings, machinery, or equipment.

Working Capital

The disparity between an organization's immediate assets and liabilities, revealing its short-term fiscal stability and operational effectiveness.