Raj, an Employee at TRS Corporation, Was Preparing a Risk/control

question 31

Multiple Choice

Raj, an employee at TRS Corporation, was preparing a risk/control matrix related to the steps in the accounting cycle.The first row of the matrix contained the following entries: Adequate training.Assets that should be reported at historical cost are reported at market value.Human error.Internal audits.All the columns in the risk/control matrix are represented by those items except:

• A)Comments
• B)Internal control
• C)Risk
• D)Risk category

Acknowledge the effectiveness of using a variety of motivators in motivational systems.

Discuss the benefits and challenges of telecommuting as a motivational practice.

Understand that organizational contexts differ and that a practice effective in one may not be in another.

Understand the concept of utility and its characteristics.

---

Definitions:

Business Strategy

A plan of action designed to achieve a long-term or overall aim in the competitive marketplace.

Business Fail

A situation where a business is unable to continue its operations or achieve its financial goals, leading to its closure or bankruptcy.

New Businesses

Refers to startups or entrepreneurial ventures that are newly established within the market.

Business Plan

Describes the direction for a new business and the financing needed to operate it.