Which of the Following Is Not a Feature of Good

question 14

Multiple Choice

Which of the following is not a feature of good internal control?

• A) Regular stocktakes
• B) Labelling of fixed assets
• C) Regular bank reconciliations
• D) Making cash payments from unbanked cash receipts

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Definitions:

Asian Tigers

Refers to the economies of Hong Kong, Singapore, South Korea, and Taiwan, which underwent rapid industrialization and maintained exceptionally high growth rates in the second half of the 20th century.

Industrial Market Economies

Countries or regions characterized by industrialized economic systems based on market principles, where goods and services are produced and exchanged according to supply and demand.

Hong Kong

A Special Administrative Region of China known for its vibrant economy, bustling port, and status as a global financial center.

Singapore

Singapore is a sovereign city-state and island country in Southeast Asia, known for its highly developed and diversified economy, strategic location, and strict regulations.