Which of the Following Is One of the Overriding Principles

question 46

Multiple Choice

Which of the following is one of the overriding principles of internal control?

• A) Responsibility for accounting and financial duties should be assigned to one responsible officer.
• B) Responsibility for the performance of each duty must be fixed.
• C) Responsibility for the accounting duties must be borne by the audit committee of the company.
• D) All of the options listed here are correct

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Definitions:

Catalytic Hydrogenation

A chemical reaction that involves the addition of hydrogen to a compound, typically in the presence of a catalyst.

Unsaturated Fatty Acid

Fatty acids with one or more double bonds in their hydrocarbon chain, essential in the human diet.

Adipic Acid

An industrially significant dicarboxylic acid, used primarily in the production of nylon and other polymers.

Reagent

A substance or compound added to a system to cause a chemical reaction or test if a reaction occurs.