Which of the Following Represents a Residual Risk for a Services

question 59

Multiple Choice

Which of the following represents a residual risk for a services company?

• A)Two employees are colluding to facilitate theft.
• B)All checks require two signatures.
• C)Bank accounts are reconciled weekly.
• D)A manager reviews all account reconciliations.

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Definitions:

Gross Domestic Product

The total value of all goods and services produced within a country's borders in a specified time period, serving as a comprehensive measure of economic activity.

Generation Z

The demographic cohort following Millennials, typically born from the mid-1990s to early 2010s, known for digital savviness.

Personalization

The practice of tailoring a product, service, or content to meet the specific needs or preferences of an individual user or customer.

American Eagle Outfitters

A global retailer that offers clothing and accessories targeted at the youth market, known for its casual and fashionable attire.