Work Steps That Are Internal Controls Within the Business Process

question 50

Multiple Choice

Work steps that are internal controls within the business process would include:

• A)Using an electronic register to record all sales transactions.
• B)Combining both manual and computer based records.
• C)Reconciling a cash register at the end of each day.
• D)Preparation of internal reports to monitor the performance of a specific department.

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Definitions:

Return

The profit or loss derived from an investment over a certain period, expressed as a percentage of the investment's initial cost.

Concept

A general idea or understanding that is the foundation for further ideas, actions, or strategies.

Market's Volatility

The degree of variation of a trading price series over time, often measured by the standard deviation of returns.

Value Line Index

An index which represents the performance of stocks in the market, aiming to include a broad spectrum of companies across different industries.