Explain the meaning of "internal control" and distinguish between administrative controls and accounting controls.
What will be an ideal response?
Internal control refers to the policies and procedures used to provide reasonable assurance that the objectives of an enterprise will be accomplished. Administrative controls concern the evaluation of performance and the degree of compliance with company policies and public laws. Accounting controls are composed of procedures designed to safeguard assets and ensure that the accounting records contain reliable information.
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The use of pay for ______ rather than hours worked is the trend today.
A. performance B. skills C. entitlement D. ability
In American Hospital Association v. NLRB, the U.S. Supreme Court upheld the NLRB's health care industry bargaining unit rules and the power of the NLRB in order to establish:? A) ?prima facie case through disparate impact treatment
B) bargaining units through its rule-making authority.? C) trade union through its discretionary power.? D) hiring hall through its mandatory power.
Which classification of administrative laws have the same force of law as statues enacted by Congress:
a. procedural rules b. enforcement rules c. substantive rules d. observational rules e. interpretive rules
Operational data typically represents the current state of affairs in the real world, while analytical data can represent both the current situation and snapshots from the past
Indicate whether the statement is true or false