Which of the Following Would Typically Be Considered a Threat

question 79

Multiple Choice

Which of the following would typically be considered a threat?

• A) New products from competitors
• B) A small share of the market
• C) Less government regulation
• D) New markets
• E) Slow-paying customers

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.

Identify the role and importance of segregation of duties in internal control systems.

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Definitions:

Fulfillment

The process of completing an order or obligation, especially in the context of preparing and delivering goods to customers.

Production

The process of creating, manufacturing, or enhancing products or services.

Ziosk

A brand of tabletop tablet that allows customers in restaurants to order food, play games, and pay their bill directly from their table without waiter assistance.

Calorie Counts

A measure of the energy contained in food, typically used for dietary planning and food labeling.