Which of the Following Internal Controls Can Be Applied to the Sales

question 14

Multiple Choice

Which of the following internal controls can be applied to the sales / collection process based on the role and purpose of the process?

• A)Separation of duties
• B)Bank reconciliation
• C)Both A and B
• D)Neither A nor B

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Definitions:

Relational De-Escalation

The process of deliberately reducing the intensity or closeness of a relationship, often involving a decrease in communication and emotional involvement.

Leading Lives

refers to the manner in which individuals direct their life courses, make decisions, and pursue their goals.

Property

Refers to anything that is owned or possessed, which can include physical items, intellectual properties, and rights over tangible or intangible assets.

Social Exchange Theory

Theory that claims people make relationship decisions by assessing and comparing the costs and rewards.