Independent Checks on the Performance of Others Is One of the Categories

question 102

Multiple Choice

Independent checks on the performance of others is one of the categories of internal control.These independent checks would include all of the following, except:

• A)Reviewing batch totals
• B)Reconciliation
• C)Comparison of physical assets with records
• D)Use of appropriate ID to enter restricted areas

Recognize the commonality and characteristics of businesses in the U.S. economy.

Differentiate between types of business organizations.

Identify the changes in labor and production during the Industrial Revolution.

Understand the legal and financial liabilities in different business structures.

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Definitions:

Hearing Capability

The ability or capacity to perceive sounds by detecting vibrations through an organ such as the ear.

Newborns

Infants who are in the initial period after birth, typically considered the first few weeks of life, characterized by rapid growth and development.

Sensorimotor Stage

The first stage in Piaget's theory of cognitive development, spanning from birth to about 2 years, where infants learn through interacting with the environment using their senses and motor actions.

Ethnic Diversity

The inclusion or representation of individuals from a variety of cultural, national, racial, and religious backgrounds within a community or organization.