Which of the Following Is Not an Internal Control

question 130

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:

Real Interest Rate

The interest rate adjusted for inflation, representing the true cost of borrowing or the true yield on an investment.

Depreciating

Depreciating refers to the reduction in the value of an asset over time due to factors such as wear and tear or obsolescence.

Exports

Goods or services produced in one country and sold to customers in other countries, contributing to a nation's economy.

Imports

Goods or services brought into one country from another for the purpose of trade or sale.