Interviews with Operations Employees Indicate That Delays in the Delivery

question 42

Multiple Choice

Interviews with operations employees indicate that delays in the delivery of components often result in "slack time" during which production stops and employees are idle.This is an application of which of the following five internal audit scope standards?

• A)Operating and financial information integrity
• B)Policy compliance verification
• C)Asset security verification
• D)Resource use efficiency
• E)Operational effectiveness

---

Definitions:

QBO Transactions

Financial activities recorded in QuickBooks Online, such as sales, purchases, payments, and receipts.

QBO Reports

Financial summaries generated within QuickBooks Online, providing insights into various aspects of a business's financial performance.

LLC

An abbreviation for Limited Liability Company, a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Tax Purposes

The specific reasons or objectives for which tax-related decisions are made, including the filing of returns, claiming deductions, and planning strategies to minimize tax liabilities.