Indicate Which of the Features of an Effective Internal Control

question 9

Multiple Choice

Indicate which of the features of an effective internal control system are involved in the practices set out in the following question.
-The practice of issuing identification cards to employees ensures:

• A) clear establishment of responsibility lines
• B) maintenance of effective records
• C) separation of record-keeping from handling assets
• D) physical protection of sensitive assets.

Understand the importance of specialization and exchange in improving efficiency.

Recognize how opportunity costs influence everyday decisions, including time management.

Grasp the concept of sunk costs and their irrelevance to future economic decisions.

Interpret the law of comparative advantage and its implications for productivity and trade.

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Definitions:

Tissue

Groups of similar cells that have a common function in the body, categorized broadly into epithelial, connective, muscle, and nervous tissues.

Multipolar Neuron

A type of neuron that has one axon and multiple dendrites, allowing it to receive and integrate signals from many other neurons.

Glia Cells

Non-neuronal cells in the central and peripheral nervous system that provide support and nutrition, maintain homeostasis, and participate in signal transmission.

Embryonic Germ Layers

The three primary layers of cells (ectoderm, mesoderm, endoderm) in the embryo, from which all organs and tissues develop.