Physical Controls Are Concerned with Limiting ________

question 76

Multiple Choice

Physical controls are concerned with limiting ________.

• A)physical access to assets to those authorized to have access
• B)the informational output of the firm
• C)investors access to certain records of the firm which should be kept private
• D)access to accounting information to senior managers only

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Definitions:

Investment

The allocation of resources, typically money, in the expectation of generating an income or profit.

Joint Control

A situation in which two or more parties exercise shared control over a business activity, venture, or entity according to an agreement.

Subsidiaries

Companies that are controlled by another company, known as the parent company, through ownership of more than 50% of the subsidiary's voting stock.

Non-executive Director

A member of a company's board of directors who is not part of the executive team, providing oversight and valuable perspective without managing day-to-day operations.