Which of the Following Is the Best Internal Control Over

question 45

Multiple Choice

Which of the following is the best internal control over fixed assets?

• A) Analyze monthly variances between authorized and actual expenditures.
• B) Establish a written company policy distinguishing between capital and revenue expenditures.
• C) Require acquisitions to be authorized by user departments.
• D) Use a budget to control acquisitions and retirements.

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Definitions:

Grammatical Construction

The arrangement and relationship of words and phrases in a sentence to convey meaning.

Argument And Decision Mapping

A visual representation technique used to clarify the structure of arguments or the decision-making process by mapping out premises, conclusions, and relationships.

Share Analysis

The examination of a company's market share to understand its competitive position in the market.

Unbiased

Showing no prejudice for or against something; impartial.