Which of the Following Statements Is Correct

question 158

Multiple Choice

Which of the following statements is correct?

• A)Due to its liquid nature, cash is the easiest asset to steal.
• B)A good system of internal control will ensure that employees will not be able to steal cash.
• C)It takes two or more employees working together to be able to steal cash.
• D)All of these answer choices are correct.

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Definitions:

Global Economy

The worldwide system of economic activities and transactions, encompassing the integrated economies of countries.

Profit Equation

The formula that calculates profit by subtracting total expenses from total revenue.

Total Revenue

The overall income generated by a business from all its sales activities before any costs or expenses are deducted.

Total Cost

The complete cost of production, including both fixed and variable costs, or the entire expense incurred in a transaction.