The Primary Source of Federal Power to Regulate Business Is

question 24

Multiple Choice

The primary source of federal power to regulate business is the

• A)Supremacy Clause.
• B)Commerce Clause.
• C)Contract Clause.
• D)Privilege and Immunities Clause.

---

Definitions:

Physical Controls

Security measures that are implemented to protect assets, including locks, surveillance cameras, and restricted access areas.

Segregation Of Duties

A risk management concept that divides tasks among different people to prevent fraud and errors in an organization.

Warehouse Custodian

An entity responsible for the storage and security of physical goods in a warehouse.

Accounting Records

Documentation and books used in the preparation of financial statements, including ledgers, journals, and all relevant supporting documents.