Internal Control Over a Company's Assets Should NOT Include the Following

question 121

Multiple Choice

Internal control over a company's assets should NOT include the following procedures:

• A) Responsibilities and duties of employees will be divided.
• B) All cash receipts will be accumulated until significant enough for a major deposit.
• C) All cash payments will be made by check (except petty cash).
• D) All of these answers are correct.

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Definitions:

Cognitive Capacities

The mental abilities and processes related to acquiring knowledge, reasoning, problem-solving, and abstract thinking.

Genetic

Relating to genes or heredity.

Perceptual

Related to the interpretation or understanding of sensory information.

Physiological Perspective

A viewpoint in psychology focusing on the biological bases of behavior, emphasizing the role of the brain, genetics, and neurochemical processes.