Which of the Following Is NOT a Guideline for Proper

question 1

Multiple Choice

Which of the following is NOT a guideline for proper control?

• A) Control should involve only a minimum of information.
• B) Long-term as well as short-term controls should be used.
• C) Controls should be timely so that corrective actions can be taken before it is too late.
• D) Controls should measure all activities in order to be comprehensive.
• E) Emphasize the reward of meeting or exceeding standards rather than punishment for failing to meet standards.

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Definitions:

Joint Tenancy

A form of co-ownership of property where two or more individuals hold equal shares, and upon the death of one tenant, their share automatically passes to the surviving tenant(s).

Common Law

A system of law developed from court-made precedents rather than statutes passed by legislatures.

Ambiguous

Something that is unclear, uncertain, or capable of being understood in more than one way.

Assignment

The conveyance of rights, possessions, or duties from one individual to another.