The Principles of Internal Control Include All of the Following

question 230

Multiple Choice

The principles of internal control include all of the following except

• A) establishment of responsibility.
• B) combining of duties.
• C) physical mechanical and electronic controls.
• D) independent internal verification.

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Definitions:

Memory

The faculty by which the mind stores and remembers information.

Acquisition

The process where one company purchases most or all of another company's shares to gain control of that company.

Retrieval

The process of accessing and bringing into consciousness information stored in memory.

Chunking

A method of organizing information into smaller, manageable units or chunks, making it easier to remember or process.