The Principles of Internal Control Include

question 175

Multiple Choice

The principles of internal control include:

• A) Maintain minimal records.
• B) Bond all employees.
• C) Separate recordkeeping from custody of assets.
• D) Use only computerized systems.
• E) Require automated sales systems.

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Definitions:

Kaizen

A Japanese business philosophy of continuous improvement of working practices, personal efficiency, etc.

Interpersonal Reward

Involves positive outcomes or benefits one receives from social interactions, enhancing relationships and motivating collaborative efforts.

Camry Assembly

The process involved in the manufacturing and assembly of the Toyota Camry, a popular mid-size car model.

Physical Reward

Tangible incentives or gifts given to employees or individuals as a recognition for their efforts or achievements.