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Question 15 (4 points) You have been asked to perform a cost/benefit analysis for a new internal control procedure currently under consideration by management Management

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Question 15 (4 points) You have been asked to perform a cost/benefit analysis for a new internal control procedure currently under consideration by management Management is evaluating the sales order process and has found that sometimes orders are input under the wrong customer, resulting in the order being shipped to the wrong customer Management estimates that on average, each error event costs the company $20,000. They also determine that currently, the error event occurs in about 6% of the orders processed. The IT manager proposed that they implement a data input control in the sales order input process. This control would decrease the likelihood of the error event happening to 1%. The IT manager states that the cost to implement the control would be approximately $2.500 Which one of the following provides the correct cost/benefit analysis and conclusion? $2.500 cost and $1,000 benefit. The company should not implement the control. $2,500 cost and $1.200 benefit. The company should not implement the control 52 500 cost and $200 benefit. The company should not implement the control $2.500 cost and $1.000 benefit. The company should implement the control None of the other answers are correct

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