Internal Controls Established to Provide General Operational Efficiency and Adherence

question 40

Multiple Choice

Internal controls established to provide general operational efficiency and adherence to prescribed policies are:

• A) Administrative controls
• B) Procedural controls
• C) Accounting controls
• D) Programming controls

Determine control limits for various types of control charts (e.g., p-charts) using provided data and statistical formulas.

Identify and clarify the distinction between control charts, run charts, specification limits, and tolerance levels in process control.

Analyze the role of statistical analysis and data in evaluating process output and then applying these insights to maintain or improve process control.

Recognize and explain different scenarios of process capability and how they impact the production process.

---

Definitions:

Interstate Commerce Act

A United States federal law that was designed to regulate the railroad industry and its monopolistic practices by requiring reasonable and just rates, prohibiting rebates, and ensuring fair treatment of railway users.

Wheeler-Lea Act

The federal law of 1938 that amended the Federal Trade Commission Act by prohibiting unfair and deceptive acts or practices of commerce (such as false and misleading advertising and the misrepresentation of products).

Antitrust Laws

Legislation designed to promote competition and prevent monopolies and other practices that restrain trade.

Department of Justice

A federal executive department of the U.S. government responsible for the enforcement of laws and administration of justice.