Internal Controls in the Acquisition/payment Process Should Address Which of the Following

question 4

Multiple Choice

Internal controls in the acquisition/payment process should address which of the following forms of risk?

• A)Liquidity risk
• B)Human error risk
• C)Both liquidity risk and human error risk
• D)Neither liquidity risk nor human error risk

---

Definitions:

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured or offers reimbursement for health expenses.

Annual Benefits Presentation

An event or meeting where a company communicates to its employees about the benefits package, including health, retirement, and other employee benefits.

Benefits Fair

An event hosted by employers where employees are provided information on available benefits, such as health insurance, retirement plans, and wellness programs.

Job Commitment

The psychological attachment or loyalty an individual feels towards their job, often reflected in their willingness to continue working and performing well.