Internal Controls to Safeguard Assets Means the Company Must Safeguard

question 103

Multiple Choice

Internal controls to safeguard assets means the company must safeguard assets against all EXCEPT:

• A)waste.
• B)inefficiency.
• C)audits.
• D)fraud.

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Definitions:

Unilateral Power

The power exercised by a single entity or individual without the need for consultation or agreement with others.

Social Phenomenon

an event or behavior pattern that arises from the activities and interactions of individuals within societies.

Leadership

The action of leading a group of people or an organization, or the ability to do this.

Relationships

The connections or associations between individuals, groups, or entities, characterized by mutual interactions and dependencies.