A Well-Designed Set of Internal Controls Helps a Company Achieve

question 55

Multiple Choice

A well-designed set of internal controls helps a company achieve four main purposes.Which of the following best pairs two controls related to a single purpose?

• A)Restrictive endorsements and bank reconciliations
• B)Restrictive endorsements and completing the steps in the accounting cycle
• C)Bank reconciliations and background checks
• D)Pre-numbered documents and background checks

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Definitions:

Nonverbal

Communication that occurs without words, through gestures, facial expressions, body language, and other physical cues.

Situational Cues

Environmental or contextual factors that influence individuals' behavior or decision-making processes.

Individualism-collectivism

A cultural dimension that explores the degree to which individuals are integrated into groups and prioritize group goals over personal desires.

Interdependence

A relationship between entities where each is mutually dependent on the other.