Internal Control Procedures

question 140

Multiple Choice

Internal control procedures:

• A) Eliminate the risk of loss.
• B) Include policies and procedures to safeguard assets.
• C) Prevent unavoidable losses.
• D) Both eliminate the risk of loss and include policies and procedures to safeguard assets.
• E) All of the above

---

Definitions:

Apartheid

A policy or system of segregation or discrimination on grounds of race, implemented in South Africa from 1948 until the early 1990s, which severely restricted the rights of the non-white population.

Constructive Engagement

A diplomatic policy of engaging with a nation in a positive manner to encourage changes in policies or behavior, often used in contexts of human rights or economic reform.

Economic Sanctions

Financial and trade penalties applied by one or more country against a targeted country, group, or individual to achieve foreign policy objectives.

Berlin Wall

A concrete barrier that physically and ideologically divided Berlin from 1961 to 1989, symbolizing the Cold War division between East and West.