Choose the Proper Category of Internal Control Activities That Best

question 119

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.
-cheques on recorded amounts

• 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:

Perpetuation

The act of continuing or sustaining something indefinitely or for a prolonged period.

Inequality

Describes the unequal distribution of resources, opportunities, rights, and power among individuals or groups within a society.

Glocalization

The practice of conducting business according to both local and global considerations, incorporating local adaptations into global strategies.

Local

pertains to practices, products, or activities that are specific to a particular area, community, or culture, often emphasizing small-scale and community-based operations.