The Main Principles of Internal Control Include Which of the Following

question 44

Multiple Choice

The main principles of internal control include which of the following:

• A)Establish responsibilities.
• B)Maintain minimal records.
• C)Use only computerized systems.
• D)Bond all employees.
• E)Require automated sales systems.

Recognize the challenges and requirements of a career in sales.

Comprehend the role of the myelin sheath in neural transmission.

Distinguish between experience-expectant and experience-dependent processes in brain development.

Identify the specialized functions of different brain lobes.

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Definitions:

Common-size Percent

A financial analysis tool that converts income statement items into percentage of revenue, facilitating trend analysis and comparison.

Total Assets

The sum of all resources owned by a company, including cash, inventory, property, and equipment, reported on the balance sheet.

Cash

Liquid currency and readily accessible funds available in checking and savings accounts, often used to meet short-term financial obligations.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated as current assets divided by current liabilities.