Which of the Following Is Not an Internal Control

question 27

Multiple Choice

Which of the following is not an internal control?

• A)rotating personnel among tasks.
• B)separation of duties.
• C)setting limits on the amount of expenditures.
• D)using absolute performance standards.

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Definitions:

Oligopoly Environment

A market structure in which a few firms dominate the industry, often leading to limited competition and higher prices for consumers.

Monopoly Environment

A market structure characterized by a single seller who has exclusive control over a particular product or service, limiting competition.

Strategic Intent

The long-term vision that defines a company's aspirations and determinates its strategy to achieve competitive advantage.

Strategy

A plan of action designed to achieve a long-term or overall aim.