Which of the Following Is Not a Component of Control

question 39

Multiple Choice

Which of the following is not a component of control activities?

• A) Segregation of Duties
• B) Adequate Documents and Records
• C) Effective Hiring Procedures
• D) Independent Checks on Performance

Analyze how course of performance and course of dealing can influence contract execution and expectations.

Understand the significance of commercial impracticability and legality in contract performance.

Differentiate between substantial impairments and trivial nonconformities in goods.

Grasp the concept of "good faith" as it underlies transactions under the UCC.

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Definitions:

Fictitious Bank Account

A bank account created under a false identity or with fraudulent intentions, often for the purpose of illegal financial activities.

Accountant

A professional who performs accounting functions such as audits or financial statement analysis. Accountants can also take on advisory roles to help businesses with their finance strategy.

College Tuition

The fee that students pay to attend an institution of higher education, covering courses and sometimes additional services.

Transfer Funds

The act of moving money from one account to another, either within the same financial institution or across different ones.