Small Companies Cannot Have Internal Controls Since They Do Not

question 114

True/False

Small companies cannot have internal controls since they do not have enough employees to segregate duties.

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Definitions:

Output

The quantity of goods or services produced in a given time period by a firm, industry, or country.

Opportunity Cost

The value of the best alternative forgone when a choice is made between competing options.

Additional Project

An extra task or plan of action that is undertaken to achieve a specific goal or objective.

Space Shuttle Launch

The process of propelling the Space Shuttle, a partially reusable low Earth orbital spacecraft system, from the Earth's surface through the atmosphere into space.