Which of the Following Has the Greatest Internal Control

question 106

Multiple Choice

Which of the following has the greatest internal control?

• A) payments made by credit card
• B) payments made by cheque
• C) payments made by electronic funds transfer
• D) payments made by cash

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Definitions:

Pure Monopoly

A market structure characterized by a single seller, selling a unique product in the market with no close substitutes, leading to significant control over prices.

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for competition on factors other than just price.

Mutual Interdependence

A situation where entities are dependent on each other to some extent, highlighting the interconnected nature of their activities or survival.