An Accounting Information System Comprises Five Generic Parts

question 69

Multiple Choice

An accounting information system comprises five generic parts.Which of the following gives an example of an internal control associated with the financing process?

• A)Maintaining a good credit rating to facilitate the issuance of bonds and other debt securities.
• B)Evaluating employees in the finance department on a quarterly basis.
• C)Both maintaining a good credit rating to facilitate the issuance of bonds and other debt securities and evaluating employees in the finance department on a quarterly basis.
• D)Neither maintaining a good credit rating to facilitate the issuance of bonds and other debt securities nor evaluating employees in the finance department on a quarterly basis.

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Definitions:

Active Listening

A communication technique that involves giving full attention to the speaker, understanding their message, providing feedback, and retaining the information.

Giving Feedback

The process of offering constructive criticism or praise to someone, aiming at improving or affirming their performance or behavior.

Rich Channel

A communication medium that is able to convey a large amount of information, including verbal and non-verbal cues, effectively.

Communication

The process of sharing information, ideas, feelings, and messages with others through spoken words, writing, or visual media.