Which of the Following Is NOT a Generally Recognized Internal

question 39

Multiple Choice

Which of the following is NOT a generally recognized internal control activity?

• A) separation of the custody and recordkeeping responsibilities for any business activity
• B) internal review of business transactions by the board of directors
• C) internal review of business transactions by the internal auditors
• D) independent verification of the work of one employee by another employee

Recognize the impact of market prices and costs on economic decisions in specific contexts, including resource allocation.

Identify factors influencing global population growth and world demographics.

Analyze the relationship between economic variables (such as living standards) and demographics (e.g., birthrates).

Understand the concept of the demographic transition and its stages.

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Definitions:

HPA Axis

The Hypothalamic-Pituitary-Adrenal (HPA) axis is a complex set of interactions among these three endocrine glands, regulating stress response, mood, digestion, immune system, sexuality, and energy usage.

Cortisol

A hormone made in the adrenal glands, typically secreted when experiencing stress or when blood sugar levels are low.

Hippocampus

A part of the brain located in the temporal lobe, crucial for memory formation and spatial navigation.

Adrenal Cortex

The outer part of the adrenal gland that secretes steroid hormones which regulate metabolism, the immune system, and salt and water balance.