The Effectiveness of Internal Control Is Limited by

question 81

Multiple Choice

The effectiveness of internal control is limited by

• A)fraud.
• B)cash on hand.
• C)collusion.
• D)all of the above
• E)none of the above

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Definitions:

Main Purpose Construction Rule

A legal principle that allows for the enforcement of verbal contracts related to the main purpose of a transaction.

Equal Dignities Rule

A legal doctrine stating that if a contract must be in writing, then any appointed agent to sign the contract must also be designated in writing.

Click-On Agreement

A form of contract agreement obtained by clicking a button or checking a box online that indicates acceptance of the online terms and conditions.

Electronic Shopping Cart

A feature of online stores that allows users to select and accumulate items they wish to purchase virtually before proceeding to checkout.