Which One of the Following Is Not a Primary Component

question 17

Multiple Choice

Which one of the following is not a primary component of an internal control system?

• A)control activities
• B)delay payment of liabilities
• C)risk assessment
• D)control environment

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Definitions:

Actual Loss

A term used to describe a concrete and definite loss, often of a financial nature, quantifiable and directly caused by a specific event or action.

Gradual Disengagement

The process of slowly reducing involvement in a situation or relationship, often used in healthcare to promote independence.

Organ Donation

The process of giving organs or tissues for transplantation to someone in need.

Advance Directive

A legal document specifying a person's wishes regarding medical treatment in scenarios where they are unable to communicate these decisions themselves.