Indicate Which of the Features of an Effective Internal Control

question 23

Multiple Choice

Indicate which of the features of an effective internal control system are involved in the practices set out in the following question: Segregation of duties involve:

• A) clearly establishing responsibility lines.
• B) maintaining effective records.
• C) separating record-keeping from handling of assets.
• D) physically protecting sensitive assets.

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Definitions:

Negative Correlation

A connection between two variables where as one goes up, the other comes down.

Hair Length

The measure of length of hair strands from their root to tip.

Automobile

A wheeled motor vehicle used for transportation, typically powered by an internal combustion engine or electric motor.

Correlation Coefficients

A statistical measure that indicates the extent to which two or more variables fluctuate together, ranging from -1 to 1 where 1 means a perfect positive correlation and -1 means a perfect negative correlation.