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A procedure that would most likely be used by an auditor in performing tests of control activities that involve segregation of functions but which leave no transaction trail is:
Joseph Schumpeter
An economist and political scientist known for his theories on economic innovation and the concept of "creative destruction" in capitalism.
Risk Bearing
The acceptance of the possibility of loss on an investment or business venture, along with the responsibility of managing and mitigating potential risks.
Usury Law
Regulations governing the amount of interest that can be charged on a loan, intended to protect borrowers from exorbitant rates.
Interest Rate
The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.
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