Which of These Is Not a Measure of Good Internal

question 55

Multiple Choice

Which of these is not a measure of good internal control?

• A) Banking cash daily
• B) Reconciling a control account with its subsidiary ledger
• C) Combining authority to purchase goods and sign cheques
• D) Requiring all employees to take annual leave

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Definitions:

Comparison Universe

A benchmark or pool of investments used to evaluate the performance of a specific investment or portfolio.

Mutual Funds

Professionally managed investment initiatives that are bankrolled by stockholders and trade across assorted holdings.

Astronomy

The scientific study of celestial objects, space, and the physical universe as a whole, beyond Earth's atmosphere.

Treynor Measure

A performance metric that evaluates the returns of an investment portfolio or fund relative to its market risk.