A Very Small Company Would Have the Most Difficulty in Implementing

question 20

Multiple Choice

A very small company would have the most difficulty in implementing which of the following internal control activities?

• A) Separation of duties
• B) Periodic independent verification
• C) Limited access to assets
• D) Sound personnel procedures

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Definitions:

Milling Machine Minutes

A measure of manufacturing time that represents the total minutes a milling machine is engaged in production.

Monthly Demand

The total quantity of a product or service that consumers are willing and able to purchase in a month.

Selling Price

The amount a buyer pays to purchase a product, determined by cost, market demand, and competition.

Direct Materials

Raw materials that are directly traced and integral to the finished product.