Which of the Following Is Not a Limitation of the Internal

question 99

Multiple Choice

Which of the following is not a limitation of the internal control system?

• A)errors are made due to employee fatigue
• B)fraud occurs because of collusion between two employees
• C)the industry is inherently risky
• D)management instructs the bookkeeper to make fraudulent journal entries

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Definitions:

Bilateral Contract

A contract in which there is an exchange of promises: both parties assume an obligation.

Unilateral Contract

A contract in which only one party makes a promise or undertakes a performance to induce a second party to perform, without the second party similarly promising or performing.

Consideration

Something of value exchanged between parties within a contract, making the agreement legally binding.

Online Transactions

Financial or commercial activities conducted over the internet, including buying, selling, and the exchange of goods, services, and information.