A Serious Exposure for an Organization That Is Connected with the Revenue

question 37

Multiple Choice

A serious exposure for an organization that is connected with the revenue cycle is the loss of assets.What is the related threat and applicable control procedure association with this exposure?

• A)shipping errors; reconciliation of sales order with picking ticket and packing slip
• B)theft of cash; segregation of duties and minimization of cash handling
• C)loss of data; backup and recovery procedures
• D)poor performance; preparation and review of performance reports

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Definitions:

Value Creation Tasks

Activities or initiatives undertaken by an organization aimed at increasing the value it delivers to its customers or stakeholders.

Local Preferences

Local preferences refer to the particular tastes, habits, or choices predominant among consumers in a specific geographic region, affecting the demand for certain products or services.

Marketing Manager

A marketing manager is tasked with developing, implementing, and executing strategic marketing plans for an entire organization (or lines of business and brands within an organization) to attract potential customers and retain existing ones.

Local Taxes

Taxes imposed by local government entities such as municipalities, counties, or school districts, used to fund public services within the locality.