Flowcharts Involve

question 72

Multiple Choice

Flowcharts involve

• A) the auditor summarizing in boxes each step of a transaction from start to finish.
• B) the auditor describing in words each step of the flow of transactions from start to finish.
• C) both a and b
• D) none of the above

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Definitions:

Financial Advantage

The benefit of having a stronger financial position or undertaking actions that result in financial gain, such as cost savings or increased revenue.

Cane Juice

A liquid extracted from sugarcane, often used as a sweetener or drink.

Molasses

A thick, dark syrup that is a byproduct of sugar refining, used in baking, as a sweetener, or in the fermentation of alcohol.

Constrained Machine

A piece of equipment within a manufacturing process that limits the total output due to its capacity or throughput level.