An Internal Control System Consists of All of the Following

question 68

Multiple Choice

An internal control system consists of all of the following policies and procedures except those necessary to ensure

• A)the safeguarding of an entity's assets.
• B)that cash on hand and on deposit in checking accounts is beyond the minimal amount for ongoing operations.
• C)the reliability of an entity's accounting records.
• D)the accomplishment of an entity's overall objectives.

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Definitions:

Chemical Activity

The behavior of chemicals interacting with each other, including reactions that involve changes in molecular structure.

Elicits Action

Provokes or triggers a response or activity.

Amplitude

The magnitude or strength of a wave signal, representing the energy level or intensity of the wave.

Frequency of Firing

The rate at which a neuron produces action potentials over a given period of time, often related to the intensity of stimulation.