There Is a Greater Risk of Defalcation for Cash Than

question 26

Multiple Choice

There is a greater risk of defalcation for cash than for other types of assets because

• A)it is easier to steal.
• B)most other assets must be converted to cash to make them usable.
• C)companies usually have weak internal controls surrounding cash.
• D)most employees have access to cash.

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Definitions:

Car Colour

The specific hue or shade of paint chosen or used to finish the exterior surface of an automobile.

Independent

Not influenced or controlled by others in matters of opinion, conduct, etc.; thinking or acting for oneself.

Treatment

In experimental design, the condition applied to subjects or objects to assess its effect on some outcome.

Reaction

The process of responding to a stimulus or an action, seen in various contexts including chemistry, physiology, and psychology.