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.

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Definitions:

Sensory Memory

The shortest-term element of memory which allows the ability to retain impressions of sensory information after the original stimuli have ended.

Physical Characteristics

attributes or features of an object or organism that can be observed or measured, such as size, shape, color, and texture.

Short-term Storage

A component of memory where small amounts of information can be temporarily kept for a short period.

Dual Codes

A theory in cognitive psychology that suggests information is stored in either verbal or visual form in the human mind.