Which of the Following Is Not a Generally Recognized Internal

question 93

Multiple Choice

Which of the following is not a generally recognized internal control procedure?

• A)Establishment of clear lines of authority.
• B)Having employees covered by a fidelity bond.
• C)Requiring regular vacations for certain employees.
• D)Customer service comment cards.

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Definitions:

Exclusive Rights

Refers to the legal rights granted to individuals or organizations to be the sole owners or users of certain products, content, or technology, often protected by copyright or patent laws.

Supply of Electricity

The total amount of electricity that is available for consumption or use by end users.

Regulated Monopoly

A market structure where a single firm dominates the market but is controlled or regulated by the government to protect consumers' interests and ensure fair pricing.

Monopolistic Competition

Market structure in which large numbers of buyers and sellers exchange heterogeneous products so each participant has some control over price.