A worker can be efficient without being effective.
Answer the following statement true (T) or false (F)
True
Efficiency means doing something at the lowest possible cost. Effectiveness means doing the right things to create the most value. These are different things.
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Which of the following is NOT an appropriate internal control for cash receipts over the counter?
A) A receipt is issued for each transaction to ensure that each sale is recorded. B) The store clerk deposits the cash in the bank. C) At the end of the day, the manager proves the cash by comparing the cash in the drawer against the machine's record of cash sales. D) The cash draw opens after the store clerk enters a transaction.
Describe each of The Big Five traits.
What will be an ideal response?
The Bureau of Competition__________
Fill in the blanks with correct word.
In creating a control process, it is likely that there are too many variables to monitor simultaneously. This requires management to: