Which of the Following Is the Most Basic Internal Control

question 151

Multiple Choice

Which of the following is the most basic internal control measure for cash?

• A)keeping money in a bank account
• B)checking for counterfeit bills
• C)counting cash receipts twice
• D)internal audit of cash procedures

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Definitions:

Entitlement/Exploitativeness

A cognitive belief that one deserves more than others, often associated with manipulative and self-centered behavior.

Leadership/Authority

The ability or power to guide or direct others, often associated with a position of control or governance within a group or organization.

Self-sufficiency

The ability to fulfill all of one’s needs without reliance on others.

Self-esteem

An individual's subjective evaluation of their own worth or abilities.