Principles of Internal Control Include

question 75

Multiple Choice

Principles of internal control include:

• A)Divide responsibilities for related transactions.
• B)Perform regular and independent reviews.
• C)Record purchases using the gross method.
• D)Divide responsibilities for related transactions and perform regular and independent reviews.
• E)All of these answers are correct.

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Definitions:

Sensory Adaptation

The method through which sensory receptors adapt their responsiveness to a stimulus over a period, frequently leading to reduced sensitivity towards a steady stimulus.

Subliminal Stimuli

Signals below the threshold of conscious perception designed to influence thoughts, feelings, or actions.

Top-down Processing

A cognitive process that starts with the analysis of high-level information before proceeding to more detailed data.

Weber's Law

A principle in psychology stating that the just-noticeable difference in a stimulus is proportional to the magnitude of the initial stimulus.