The Use of Passcodes Is an Example of Which Internal

question 137

Multiple Choice

The use of passcodes is an example of which internal control principle?

• A) Segregate duties
• B) Restrict access
• C) Document procedures
• D) Independently verify

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Definitions:

Market Share

The portion of a market controlled by a particular company, expressed as a percentage of total sales in the industry.

Payoff Matrix

A table that shows the possible outcomes or payoffs resulting from different strategies chosen by two or more players in a game.

Dominant Strategy

A strategy that yields the best outcome for a player, regardless of what strategies other players choose.

Duopoly

A market structure characterized by two dominant firms controlling the majority of the market share.