Which Internal Control Principle Prescribes the Use of Pre-Numbered Printed

question 50

Multiple Choice

Which internal control principle prescribes the use of pre-numbered printed checks?

• A)Technological controls.
• B)Maintain adequate records.
• C)Perform regular and independent reviews.
• D)Establish responsibilities.
• E)Divide responsibility for related transactions.

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Definitions:

Intermediary

An entity or person who acts as a mediator or link between two parties in a financial transaction or process.

Global Market Entry

Strategies used by companies to enter into new international markets, involving consideration of factors like regulations, competition, and cultural differences.

Exporting

The selling of goods or services produced in one country to buyers in another country.

Direct Investment

An investment involving the purchase of the physical assets or a significant amount of ownership (stock) of a company in another country.