Which Internal Control Procedure Is Most Effective in Preventing Skimming

question 6

Multiple Choice

Which internal control procedure is most effective in preventing skimming?

• A) Video cameras
• B) Segregation of duties
• C) Good records
• D) Cash accounts

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Definitions:

Undifferentiated

Marketing strategy that targets a broad market with a generic message and product, ignoring segment differences.

Break-even

The point at which total costs and total revenues are equal, resulting in no net loss or gain for a business.

Geographical Sales Territories

Designated regions or areas assigned to sales representatives as their specific area of responsibility.

Income Distribution

The way in which a nation’s total earnings are divided among its population, or the distribution of wealth among individuals in a society.