An Example of Poor Internal Control Is

question 27

Multiple Choice

An example of poor internal control is

• A) the accountant should not have physical custody of the asset nor access to it.
• B) the custodian of an asset should not maintain or have access to the accounting records.
• C) one person should be responsible for handling related transactions.
• D) a salesperson makes the sale, and a different person ships the goods.

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Definitions:

Psychographic Segmentation

A marketing strategy that categorizes audiences based on their personality traits, values, attitudes, interests, and lifestyles to better tailor products and messages.

Baby Boomers

Generational cohort of people born after World War II, between 1946 and 1964.

Self-fulfillment

The realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone.

Psychographic Segmentation

A market segmentation technique that divides consumers based on their lifestyle, interests, values, and personality traits.