The Principles of Internal Control Include

question 175

Multiple Choice

The principles of internal control include:

• A) Maintain minimal records.
• B) Bond all employees.
• C) Separate recordkeeping from custody of assets.
• D) Use only computerized systems.
• E) Require automated sales systems.

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Definitions:

Third Birthday

A celebration marking the completion of three years of life.

Implicit Memory

A type of memory in which previous experiences aid in the performance of a task without conscious awareness of these previous experiences.

Reconstructive

Pertaining to the process of rebuilding or forming an approximation of past events or experiences, often used in the context of memory.

Sir Frederic Bartlett

A British psychologist and the first professor of experimental psychology at the University of Cambridge, known for his work on memory and cognitive psychology.