Which of the Following Is Not One of the Nine

question 51

Multiple Choice

Which of the following is not one of the nine features of an internal control system?

• A)Establishment of clear lines of authority
• B)Having employees covered by a fidelity bond
• C)Requiring regular vacations for certain employees
• D)Customer service comment cards

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Definitions:

Solvent

The state of having assets exceed liabilities, allowing an individual or company to meet its financial obligations.

Delegation

means to transfer authority or responsibility to another person to carry out specific activities.

Assignee

The party to whom rights or interests are transferred by another, often used in context of contracts, leases, or other agreements.

American Rule

A legal principle stating that each party in a lawsuit is responsible for paying its own attorney fees, except as otherwise provided by statute or contract.