List the Principles of Internal Control

question 56

Short Answer

List the principles of internal control.

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Definitions:

Beta

A measure of a stock's volatility in relation to the overall market; a beta greater than 1 indicates the stock is more volatile than the market.

Unsystematic Risk

The type of risk that is specific to a company or industry, which can be minimized through diversification.

Economic Slowdown

A period of reduced economic activity characterized by lower GDP growth, decreased consumer spending, and higher unemployment rates.

Lawsuit

A legal action brought by one party against another, typically in a court of law.