The Internal Control Process of Requiring Physical Controls in Place

question 37

Multiple Choice

The internal control process of requiring physical controls in place in areas where fixed assets are held, will help to minimize the risk of:

• A)Incorrect amounts
• B)Lost or stolen assets
• C)Duplicate transactions
• D)Omitted transactions

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Definitions:

Divine Punishment

The concept of a deity or deities administering punitive actions to individuals or communities for moral failings or disobedience to divine laws.

Black Suffrage

The right of African Americans to vote, a central issue in the civil rights movement, especially after the American Civil War and during Reconstruction.

Federal Government

A system of government where powers are divided between a central, national government and various regional governments.

Formerly Enslaved

Individuals who were once subject to slavery but have since been emancipated or released from bondage.