Even a Good System of Internal Controls Can Be Circumvented

question 10

True/False

Even a good system of internal controls can be circumvented by collusion among employees.

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Definitions:

Sum

The result of adding two or more numbers or expressions together.

Polynomials

Algebraic expressions consisting of variables and coefficients, constructed from operations of addition, subtraction, multiplication, and non-negative integer exponents of variables.

Expression

A combination of numbers, variables, operators, and sometimes parentheses that represents a value or quantity.

Decimal Notation

A way of expressing numbers that uses a decimal point to separate the whole part from the fractional part.