Which of the Following Is Not a Possible Control Activity

question 43

Multiple Choice

Which of the following is not a possible control activity:

• A) Having separate authorization, bookkeeping, and custody functions.
• B) Protecting access to important information with a password.
• C) Requiring two individuals to work on the same task.
• D) All are control activities.

---

Definitions:

Short-Term Obligations

Financial liabilities that are due to be paid within one year.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a specific period, indicating the efficiency of inventory management.

Beginning Inventory

The value of a company's inventory at the start of an accounting period, carried over from the end of the previous period.

Cost Of Goods Sold

The total cost directly associated with producing or acquiring the goods sold by a company during a specific period.