Describe an Internal Control That Would Prevent the Payment of Insurance

question 16

Essay

Describe an internal control that would prevent the payment of insurance premiums on an automobile that is no longer owned by the company.

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Definitions:

Incompatible demands

Situations where two or more obligations, expectations, or requirements cannot be fulfilled at the same time, leading to conflict or stress.

Approach-avoidance

A conflict occurring when a single goal has both attractive and unattractive aspects, leading to ambivalence about pursuing it.

Avoidance-avoidance

A conflict situation where a choice must be made between two undesirable options.

Approach-approach

A conflict situation where an individual must choose between two desirable outcomes.