Important Principles of Internal Control Include

question 45

Multiple Choice

Important principles of internal control include:

• A)that no payment can be made without an approved voucher.
• B)that all transactions are backed with documentation.
• C)separation of duties.
• D)All of these answers are correct.

Apply economic principles to group dynamics and productivity.

Calculate and interpret average, marginal, and total costs.

Assess cost-benefit scenarios in business operations.

Apply principles of economics to personal financial decisions.

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Definitions:

Cause Marketing Programs

Collaborative efforts between a for-profit business and a non-profit organization to mutually promote and benefit from social or environmental causes.

Public Concerns

Issues or matters of interest or worry to the general populace, often related to social, environmental, or ethical implications.

Corporate Sales

The total volume of sales generated by a business or organization from its commercial activities.

Social Audit

An evaluation of an organization's impact on society and its sustainability practices.