Which activities related to internal business control are powered by AI? (Choose every correct answer.)Multiple select question.Boosting supply-chain managementIncreasing in-person salesDecreasing defectsImproving productivity

What are two ways that using AI can increase productivity?Multiple select question.Increasing stockholder dividendsSpeeding up decision makingEncouraging employees to work fasterGathering performance data

Select all that applyEach of the following are types of technological impacts related to internal control:Multiple select question.reduced processing errorsmaintaining adequate recordsmore extensive testing of recordsseparation of dutiesestablish responsibilitiesnew evidence of processing

Internal control is defined, in part, as a plan that... Question 3Answera.enhances the accuracy and reliability of accounting recordsb.all of the other options are correctc.eliminates mistakes and errorsd.prevents robbery and theft

Future of AI in Business

Internal controls have certain limitations. Identify the alternative that is not one of those limitations.a.Controls are directed at routine and non-routine transactions.b.Management can abuse their responsibility.c.The potential of human error exists.d.The cost of implementing a control could exceed it benefits