All of the Following Are Potential Advantages of Retention EXCEPT

question 58

Multiple Choice

All of the following are potential advantages of retention EXCEPT

• A)lower expenses.
• B)increased cash flow.
• C)encouragement of loss prevention.
• D)protection from catastrophic losses.

Comprehend the roles and responsibilities of employees in upholding internal controls.

Describe methods and practices for safeguarding company assets.

Recognize the factors contributing to fraudulent activities and how to prevent them.

Understand the segregation of duties principle and its application in preventing fraud.

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Definitions:

QBO

QuickBooks Online, a cloud-based financial management software used for business accounting.

Presentation

A prepared speech or display of information on a particular topic, usually involving visual aids.

Quality

The standard or degree of excellence of a product, service, or process, often measured against other similar items.

Impersonal Journalism

A style of journalism that prioritizes objectivity and factuality, minimizing the influence of personal bias.