Storing Cash in a Company Safe Is an Application of Which

question 54

Multiple Choice

Storing cash in a company safe is an application of which internal control principle?

• A)Segregation of duties
• B)Documentation procedures
• C)Physical controls
• D)Establishment of responsibility

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Definitions:

Self-Awareness

The conscious knowledge of one's own character, feelings, motives, and desires, playing a critical role in personal development and interpersonal relationships.

Diversification

The process of adding variety through including diverse elements, often used in the context of investing, economies, or in social and cultural settings.

Traditional Values

Beliefs, moral codes, and customs passed down from generation to generation within a culture or society.

Anti-Immigrant Sentiment

A negative bias or prejudice against immigrants, often manifesting in discriminatory attitudes or policies.