Which of the Following Qualities Is Typically Found in a Social

question 35

Multiple Choice

Which of the following qualities is typically found in a social (or secondary) group?

• A)Members are strongly committed to the group and rarely leave the group once they join it.
• B)The members know each other very well,and share intimate details with one another.
• C)The group meets only briefly,and then disperses and does not reassemble.
• D)The members interact with one another over an extended period.

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Definitions:

Controls

Procedures or policies implemented by a company to safeguard its assets, enhance the reliability of its accounting records, increase efficiency, and ensure compliance with laws and regulations.

NSF Check

a check that has been returned by a bank because the account it was drawn on does not have sufficient funds.

Bank Reconciliation

The process of matching and comparing figures from accounting records against those presented in a bank statement to find discrepancies.

Internal Control

A system of policies and procedures implemented by an entity to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.