_________________Are Internal Controls Established to Provide General Operational Efficiency and Adherence

question 3

Multiple Choice

_________________are internal controls established to provide general operational efficiency and adherence to prescribed policies,e.g. procedure manuals.

• A) Division of responsibility
• B) Accounting controls
• C) Administrative controls
• D) Programming controls

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Definitions:

Larger Output

Production at a higher volume, often pursued to achieve economies of scale and reduce the average cost per unit.

Government Purchases

Expenditures by the government sector for goods and services that government consumes in providing public services and for public capital that has long-term usage.

Consumption

The total amount of goods and services consumed by households over a specific time period.

Nominal GDP

The total worth of all end products and services made inside a nation over a specified time frame, valued at present-day prices.