Internal Controls May Be Limited by Each of the Following

question 22

Multiple Choice

Internal controls may be limited by each of the following except

• A)the size of the business.
• B)the human element.
• C)bonding of employees.
• D)collusion.

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Definitions:

Erosion Cost

Costs that occur when the introduction of a new project or product negatively impacts the sales and profits of existing products.

Upgrade

The process of replacing a product with a newer version or installing a newer version of software to improve functionality or performance.

Repair

The action of fixing or restoring something that is broken or damaged back to its original condition.