Which of the Following Would Be Least likely to Be

question 89

Multiple Choice

Which of the following would be least likely to be considered a benefit of effective internal control?

• A)Enhancing profitability.
• B)Restricting access to assets.
• C)Detecting ineffectiveness.
• D)Ensuring authorization of transactions.

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Definitions:

Risk of Loss

A legal term that determines which party bears the risk for damage or loss to goods after a transaction has occurred but before the buyer takes possession.

Common Carrier

A business or service that is licensed to transport goods or people and is required to offer its services to the public under equal terms.

Damaged Goods

Damaged goods refer to products that have been harmed or reduced in value before they can be sold to the consumer, often leading to loss for the seller.

Nonbreaching Party

A nonbreaching party is a party in a contract who has fulfilled their obligations and has not violated the terms of the contract.