All of the Following Would Be Considered Internal Control Weaknesses

question 186

Multiple Choice

All of the following would be considered internal control weaknesses except

• A)the practice of shipping goods to customers right before year-end even though the customers had not ordered them.
• B)the person who opens the mail also makes the journal entry to record any customer payments received in the mail.
• C)it takes two days to get a check written because of the approvals required.
• D)no physical inventory is ever taken to confirm the amount of inventory recorded in the accounting records.

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Definitions:

Growth Rate

The rate at which an organism or population increases in size, often measured over a specific period.

Intrinsic Rate

Intrinsic rate, often mentioned in ecological contexts, refers to the maximum potential growth rate of a population under ideal conditions, where resources are unlimited and environmental factors are optimal.

Wolf Population

Wolf population refers to the total number of wolves living in a particular area, subject to factors such as habitat, prey availability, and human impact.

Environmental Limits

The boundary conditions of the environment that determine the survival, growth, and reproduction of organisms, including factors like temperature, moisture, nutrient availability, and pH.