Which of the Following Is a Typical Internal Control

question 6

Multiple Choice

Which of the following is a typical internal control?

• A) The use of password-protected computers and software.
• B) The requirement that separate individuals authorize cash disbursements and sign checks.
• C) The use of physical controls over inventories to prevent loss from theft.
• D) A physical count of inventory at year-end to verify amounts shown on the company's accounting records.
• E) All of the answers are correct.

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Definitions:

Hotel Guest

An individual who rents a room or accommodation in a hotel for a temporary stay.

Distributive Fairness

The perceived fairness of the outcomes received, such as goods or services, in transactions or interactions between parties.

Overbooked Flights

Flights for which an airline has sold more tickets than there are seats available, often leading to passenger reaccommodation.

Vouchers

Certificates or coupons that can be exchanged for goods, services, or discounts, often used as promotional tools or incentives.