Each of the Following Is a Feature of Internal Control

question 186

Multiple Choice

Each of the following is a feature of internal control except

• A) physical controls that limit access to assets.
• B) recording of all transactions.
• C) periodic independent verification.
• D) television commercials to enhance marketability.

Understand the principle of validity and reliability in research.

Learn about the deduction and induction processes in developing research theories.

Recognize the importance of consistency and appropriateness in research question formulation and data collection methods.

Understand the concept of secondary analysis in social research.

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Definitions:

Production Possibilities Curve

A graphical representation that shows the maximum combination of goods and services that can be produced by an economy, given its available resources and technology.

Productive Efficiency

A situation in which an economy or production system cannot produce more of one good without reducing the output of another good, indicating optimal production resource usage.

Capital Goods

Assets owned by companies for an extended period, instrumental in manufacturing products and providing services, including items like equipment, machinery, and buildings.

Consumer Goods

Products intended for final use by consumers rather than further manufacturing or processing.