Which of the Following Is not a Limitation of Internal

question 104

Multiple Choice

Which of the following is not a limitation of internal control?

• A)Cost of establishing control procedures should not exceed their benefit.
• B)The human element.
• C)Collusion.
• D)The size of the company.

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Definitions:

Reimbursed

Repaid or compensated for expenses or losses incurred.

Contract

An agreement legally recognized and enforceable, made between two or more parties.

Specific Language

Precise and clear language that explicitly states or describes something without ambiguity.

Article 2

A section of the Uniform Commercial Code (UCC) that governs the sale of goods, providing a framework for transactions and specifying obligations of buyers and sellers.