An Effective Control Activity Results When at Least Two Individuals

question 32

True/False

An effective control activity results when at least two individuals are assigned to one cash drawer so that each can serve as check on the other.

---

Definitions:

Commercial Impracticability

A legal principle under the Uniform Commercial Code (UCC) that excuses a party from performing a contract when an unforeseen event makes performance extremely difficult or expensive.

Impossibility

A situation or condition in which something cannot be done or achieved, often due to external factors.

Carrier

An individual or organization in the business of transporting goods or people.

Shipment

The act of transporting goods from one location to another, typically involving a transfer of possession from the seller to a carrier.