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.

---

Definitions:

One Fourth

A mathematical term referring to dividing something into four equal parts, representing 25% or 0.25 of the whole.

Two Fifths

A fractional term used to represent the ratio of 2 out of 5 parts or 40% of a whole.

Forgotten Population

A term referring to groups or communities that are overlooked, marginalized, or underserved by mainstream society or policies.

Non-College-Bound Youth

Young individuals who choose not to pursue tertiary education after completing high school, opting for other paths instead.