Internal Controls Are Not Designed to Safeguard Assets from

question 64

Multiple Choice

Internal controls are not designed to safeguard assets from

• A) natural disasters.
• B) employee theft.
• C) robbery.
• D) unauthorized use.

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Definitions:

Forbes Magazine

An American business magazine known for its financial, investing, and marketing topics, as well as its lists of the wealthy and powerful.

Wealthiest People

Individuals with the highest net worth in the world, often derived from their ownership in profitable businesses, investments, and assets.

Rich Parents

Colloquially refers to individuals whose parents possess substantial wealth, potentially affecting their economic opportunities.

Lowest Quintile

Refers to the bottom 20% of a population sorted by income or wealth.