What are some of the limitations on a company's effective system of internal control?
There are a number of limitations on the efficiency of internal control. First, a system of internal control is not cost free. For example, the segregation of duties may require a larger staff than would otherwise be necessary. An internal audit staff may be too costly for a small company. Second, no system of internal control can prevent collusion by two or more employees. Third, the lack of support from upper management may weaken an otherwise strong commitment to a system of internal control. Finally, the element of human error can never be eliminated in any operation, regardless of how big or small.
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Which of the following is the most respectful use of mobile technology while at work?
A) Making personal calls during work hours on your personal cell phone B) Remembering that your phone habits may not be acceptable to others in the workplace C) Texting a response to a phone message during a meeting D) Leaving a meeting to take a call E) When with others, texting a caller to indicate you are not available to talk
Which of the following is most likely to reduce the pressure on managers to violate their personal ethics?
A. Making managers work away from their ordinary social context and supporting culture B. Keeping managers psychologically and geographically close to the parent company C. Pressuring managers to meet unrealistic business goals D. Adopting an organizational culture which emphasizes that all decisions should be purely economic E. Pressuring managers to shun the concept of noblesse oblige