What are the differences of the Autocratic Model, custodial Model, Supportive Model, Collegial Model and The System model?

Q: What are the objectives of the internal control?

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: Should the decision-making process be top-down (centralized with top administrators) or…

A: The decision-making process be top-down is much better than the bottom up for the following reasons:…

Q: Which of the following is not an aspect of action control? Select one: O a. To define objectives O…

A: Action control refers to controlling activities within an organization to achieve the desired…

Q: Look at the definition of “internal control” For each internal control objective, what does it cover…

A: Introduction: Internal control refers to the controlling mechanism and efficiency measurement…

Q: What is the difference between status meetings and decision meetings? Should they always be kept…

A: Answer:-  Meeting meaning:- A meeting is when two or more people get together to talk about one or…

Q: What steps would you take to ensure that your management team makes decisions for the better of the…

A: the following steps may be taken to ensure the management team continues to work towards enhancing…

Q: How does organizational dissonance influence ethical leadership and decision making?

A: Ethical leadership can be defined as leadership to achieve relevant target in context of ethical…

Q: What is meant by the phrase management by exception?

A:

Q: What is the difference between "Comptroller" and "Controller"?

A: Meaning - Comptroller is the person responsible for audits and expenses of the government. The…

Q: What are the differences between a centralized and decentralized network?

A: Social Network- The term "social network" refers to internet-based networking with friends, family,…

Q: What is the difference between operating departments and service departments?

A: There are so many multinational corporations that manage difficult industries. Managing such…

Q: Question: Are count standards and ethical standards the same? TRUE OR FALSE

A: Ethical standards are a set of principles developed by the organization's founding members  to…

Q: anuty What general internal control v

A: Given case is: All-Around Sound Co. discovered a fraud whereby one of its front office…

Q: What rules or policies should be developed to avoid the ethical problem?

A: Ethical problems: These kinds of problems arise when while making decisions neither of the options…

Q: Which of the following is not one of the components of internal control according to the framework?…

A: Internal control means the way to doing the work and reducing the risk to any loss. Sound internal…

Q: What is the purpose of the Management’s Discussion and Analysis?

A: Management Accounting:   It refers to using the financial information of the organization for…

Q: Define agency conflict

A: Agency conflict denotes to the conflicts that arise between the agent and Principal. In the finance…

Q: What are the similarities of the Autocratic Model, custodial Model, Supportive Model, Collegial…

A: Management and owners have official authority to govern the work and the workers that work for them…

Q: istinguish between responsibility, authority, and accountabilit

A: Responsibility: When a sub-ordinate is obligated to perform the duties assigned to him, it becomes…

Q: What are the advantages and disadvantagesof the residual policy? (Hint: Don’t neglect signaling and…

A: The residual dividend policy is one of the types of policies for the payment of dividends to…

Q: What steps can be  taken to ensure that a management team makes decisions for the better of the…

A: In finance managers are agents who are appointed by the owners of a company. The stakeholders are…

Q: What makes information irrelevant to decision making?

A: Irrelevant information is a part of the information collected for decision-making from various…

Q: What are the approaches to negotiation?

A:

Q: potential bias in management's ncerns,

A: Option 1 is wrong because the management' bias in estimation calculations is to be considered to…

Q: Discuss why the ROE is the key ratio under management control and how the other ratio effect the…

A: ROE is the net income divided by average equity. The ROE is a very important ratio and helps to…

Q: Explain what is meant by the term “system”. How do subsystems, systems and systems of systems…

A: Accounting Information system is a set of components used for gathering, making, storing, preparing,…

Q: What is the purpose of organizations and why do they exist?

A: The organization  is a process that  involves the people , their strong commitment  and efforts to…

Q: ways on how to avoid conflict of interest in an organization.

A: Conflict of interest in an organization arises when the management and the employees do no share…

Q: What is accountability

A: The transactions that are happened in the company will be analyzed, and recorded in the first book…

Q: How does power gain legitimacy and become legitimate authority?

A: A legitimate authority would seem to be one that has the right for its judgments and laws to be…

Q: How does the reward system for a strategic-based system differ from the traditional approach?

A: Strategic-based performance management system: A strategic-based performance management system turns…

Q: What is Agency theory ?

A: Agency theory Agency theory explains the connection between the principal and agent. concerned…

Q: What types of circumstances would encourage management to establish a complex organizational…

A: The process by which financial transactions of the business are recorded and communicated with the…

Q: What are the two opposing views of Stakeholders Management? How do they oppose each other? And why?

A: Stakeholders Management The purpose of implementing the stakeholders management  in the organisation…

Q: Explain how materiality differs for failure to follow GAAP and for lack of independence.

A: Auditing means the inspection of financial accounts of the company to determine if the records are…

Q: what are the advantages and disadvantages of decentralization?

A: Decentralization: When the power of decision making is transferred from the higher authority to…

Q: What is the internal control principle?

A: Internal control means to control and check everything related to management. It ensures that the…

Q: Describe a strategic-based responsibility accounting system. How does it differ fromactivity-based…

A: Responsibility accounting is a means of evaluating the performance of various divisions within an…

Q: mples) through w

A: The Agency systemThe Agency device may be very popular in the modern-day commercial enterprise…

Q: What kinds of functional responsibilities should be performed by different departments or personsin…

A: Internal Control System: Internal controls system establishes the control within an organization to…

Q: Which of the following is NOT included in the concept of internal control? O entity's resources O…

A: Internal controls are the set of rules and procedures through which an entity ensures integrity and…

Q: What is Management Responsible for in regards to Internal Control?

A: Internal control: Internal control is a process which ensures continuous reliability of…