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(TCO 5) A __________ authorizes the transfer of raw goods needed for production from the storeroom to the production facilities. (Points : 2)

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1. (TCO 5) A __________ authorizes the transfer of raw goods needed for production from the storeroom to the production facilities. (Points : 2)

1. (TCO 5) The document that authorizes the removal of the necessary quantity of raw materials from storeroom to factory is referred to as (Points : 2)

2. (TCO 5) Labor productivity is measured by the average product of labor; i.e., the quantity produced divided by the labor time required to produce it. All other things held constant, an increase in labor productivity will increase throughput by (Points : 2)

2. (TCO 5) Folding Squid Technologies has installed a new production monitoring system that is expected to reduce system breakdowns by 28%. This system will increase throughput by (Points : 2)

3. (TCO 5) The results of an internal audit finds that there is a problem with inaccurate time data being entered into the payroll system.  What is an applicable control that can help prevent this event from occurring in the future? (Points : 2)

4. (TCO 6) The benefits of XBRL include: (Points : 2)

4. (TCO 6) Communications technology and the Internet can be used to reduce the time and costs involved in disseminating financial statement information. Users of such financial information still struggle in that many recipients have different information delivery requirements and may have to manually reenter the information into their own decision analysis tools.  The ideal solution to solve these problems and efficiently transmit financial information via the Internet is to use (Points : 2)

5. (TCO 6) A reporting system which reports the performance of the organization on several financial and non-financial goals is called (Points : 2)

6. (TCO 5) Name some of the benefits of using electronic direct deposit to pay employees. (Points : 5)

6. (TCO 5) What are some of the benefits of using incentives and bonuses? What are some dangers? (Points : 5)

7. (TCO 6) How is an audit trail used in the general ledger and reporting system? (Points : 5)

7. (TCO 6) How is a balanced scorecard used to assess organizational performance? (Points : 5)

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