Internal Controls That Should Be Applied When a Business Takes

question 120

Multiple Choice

Internal controls that should be applied when a business takes a physical count of inventory should include all of the following except:

• A)Prenumbered inventory tickets.
• B)A manager confirms that all inventories are ticketed only once.
• C)Counters confirm the validity of inventory existence,amounts,and quality.
• D)Second counts by a different counter.
• E)Counters of inventory should be those who are responsible for the inventory.

Comprehend the factors influencing the interest rate risk of bonds including coupon rate, time to maturity, and bond features.

Understand the implications of changes in interest rates on bond prices and payments.

Understand experimental research design and methodology, including random assignment and manipulation of variables.

Distinguish between independent and dependent variables in experimental research.

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Definitions:

Corporate Managers

Individuals in charge of managing a corporation's affairs, making strategic decisions, and ensuring operational efficiency.

Corporate Owners

Individuals or entities that legally own one or more shares of stock in a corporation, giving them rights to its assets and profits.

Agents

Individuals or entities that act on behalf of others in business transactions or negotiations.

Principals

Key stakeholders or the main parties involved in a financial transaction or agreement.