To Safeguard a Business's Assets and Reduce the Likelihood of Fraud

question 104

Multiple Choice

To safeguard a business's assets and reduce the likelihood of fraud and errors,its accounting information system ________.

• A) should be manual
• B) must be flexible to accommodate changes in a business over time
• C) should work smoothly with the business's employees
• D) must provide adequate controls of a business's assets and data

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Definitions:

Plan Group

A coordinated assembly of individuals with the objective of formulating, evaluating, or implementing a strategy or project.

Monitor Group

An assemblage tasked with regularly reviewing and assessing various processes or activities to ensure they meet certain criteria or standards.

Developmental Evaluation

An approach to evaluating projects, programs, or policies to adapt and respond to changes by incorporating feedback into real-time decisions.

Analyzing Data

The systematic examination and interpretation of data to discover patterns, relationships, or insights.