Which of the Following Would Not Be Found in a Good

question 147

Multiple Choice

Which of the following would not be found in a good system of internal control?

• A) Establishing a system of checks and balances
• B) Having one person handle all the responsibilities of a department
• C) Establishing an internal audit staff
• D) Requiring all employees to take earned vacations

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Definitions:

Skateboards

A narrow plank of wood mounted on wheels, used for recreational activity and transportation, typically steered by a rider's balance.

Consolidation

Consolidation refers to the process of combining several smaller entities, debts, or accounts into a single, more comprehensive unit for management efficiency.

Restructuring

The act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable or better organized.

Asset Purchase

An asset purchase involves buying the assets of a company, such as equipment, inventory, and property, rather than buying the company's stock.