Good Internal Controls in the Revenue Cycle Should Ensure All

question 40

Multiple Choice

Good internal controls in the revenue cycle should ensure all of the following except

• A)all sales are profitable
• B)all sales are recorded
• C)credit is authorized
• D)inventory to be shipped is not stolen

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Definitions:

Arbitrary Approach

A method or decision-making process based on individual discretion or judgment rather than fixed standards or rules.

Democratic Vote

A voting method in which individuals express their choice or preference in a matter through a vote, often characterized by equality and fairness.

Political System

The structured set of practices and institutions through which a society organizes and governs itself.

Values Conflict

Occurs when there is a disagreement or discord among personal, cultural, or organizational values, leading to dilemmas or disputes.