Factors That Indicate the Need for Internal Controls Over Fixed

question 60

Multiple Choice

Factors that indicate the need for internal controls over fixed assets processes include all of the following, except:

• A)General nature of fixed assets makes the susceptible to theft because they are distributed throughout the business and are in the hands of many
• B)Large quantities of fixed assets
• C)High likelihood of obsolescence due to technological changes
• D)The high cost of assets

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Definitions:

Macroeconomic Policy

Strategies and actions undertaken by a government to regulate and control the economy as a whole, influencing overall economic indicators like inflation, unemployment, and economic growth.

Higher Education

The segment of tertiary education that follows secondary education, including universities, colleges, and other institutions offering degrees and vocational training beyond high school.

Fire Protection

Measures and services designed to prevent, control, and mitigate the impact of fires, including emergency response and fire safety regulations.

Provision Of Education

The process or manner in which education is supplied or made available to a population, encompassing both public and private means.