Choose the Proper Category of Internal Control Activities That Best

question 183

Multiple Choice

Choose the proper category of internal control activities that best matches the following actions. Each action should be matched with a different numbered item within the internal controls list.
-safeguards over assets and records

• A)One employee or department should verify the work of another.
• B)Specific approval is given by management for the performance of activities.
• C)Accounting and cash collections should be properly separated.
• D)Blank cheques should be stored in a locked location.
• E)Initial entry into the accounting system should be from a consistent source with complete information.

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Definitions:

Marketing Environment

Refers to the external forces that affect a company's ability to engage with consumers, including social, technological, economic, environmental, and political factors.

Mainstream Reader

A person who prefers reading popular or widely accepted literature, typically the most common and commercially successful works.

Baby Boomers

A demographic group referring to people born during the post-World War II baby boom approximately between 1946 and 1964.

Largest Population

The highest number of individuals residing within a particular geographic area, city, or country.