According to the Text,the Supreme Court's Division of Intra­ and Interstate

question 7

Multiple Choice

According to the text,the Supreme Court's division of intra­ and interstate commerce ended because

• A)they could not find a clear principle that distinguished them.
• B)business interests wanted the distinction ended.
• C)politicians wanted the distinction ended.
• D)the Necessary and Proper clause granted Congress the power to regulate intrastate commerce,too.
• E)None of these answers is true.

Identify the objectives and components of physical controls to safeguard assets.

Comprehend the periodicity and independence requirement of internal reviews for reinforcing internal controls.

Acknowledge the limitations and the cost-benefit principle underlying internal controls.

Distinguish between the roles and responsibilities within an internal control system to prevent and detect fraud.

---

Definitions:

Preoperational Stage

A stage in Piaget's theory of cognitive development, occurring roughly between the ages of 2 and 7, marked by rapid language acquisition and symbolic thinking.

Age

A measure of the time an individual or object has existed, often used to describe developmental stages in humans.

Egocentrism

An important feature of preoperational thought: the inability to distinguish between one’s own and someone else’s perspective.

Animism

A facet of preoperational thought: the belief that inanimate objects have lifelike qualities and are capable of action.