Which One of the Following Is Not a Primary Component

question 92

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

Identify and differentiate between key accounts within financial statements.

Analyze the implications of owner's investments and withdrawals on the business's financial health.

Understand the basic characteristics and differences between the forms of business entities.

Grasp how financial transactions impact the accounting equation.

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Definitions:

Commit Suicide

Purposefully ending one's own life.

One-Third

A fraction that represents one part of three equal parts of a whole.

Psychache

A term referring to intense psychological pain or inner pain that becomes unbearable for the individual.

Intolerable Emotional Pain

A severe, overwhelming emotional distress that surpasses an individual's ability to cope or find relief.