Two Features of Internal Control Are Presented in the Following

question 91

Essay

Two features of internal control are presented in the following sections. Each is followed by a list of four irregularities that occurred in processing data. Identify the one irregularity from each list that would be discovered or prevented by the feature of internal control described.

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Definitions:

Recouping

The act of recovering money spent or lost through subsequent earnings or savings.

Brand Extension

The strategy of using an existing brand name to launch a new or modified product in a different category, leveraging the brand's equity.

Reese's Peanut Butter

A popular brand known for its peanut butter cups, combining chocolate and peanut butter in a unique confectionery.

Manufacture

The process of making products on a large scale using machinery, often involving the assembly of components or raw materials.