Storing Cash in a Company Safe Is an Application of Which

question 158

Multiple Choice

Storing cash in a company safe is an application of which internal control principle?

• A) Segregation of duties
• B) Documentation procedures
• C) Physical controls
• D) Establishment of responsibility

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Definitions:

Social Component

An aspect that involves the social factors and relationships affecting an individual's life or a situation.

Social Needs

The essential human requirements for well-being and functioning, including access to food, housing, education, employment, healthcare, and social support.

Professional License

A formal authorization that allows an individual or organization to engage in a profession or occupation that would be illegal without such a certification.

State Board of Nursing

A governmental agency responsible for regulating the practice of nursing within a specific state to ensure public safety.