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"Jeremy,can you possibly give me a ride to the airport this Sunday?" your friend Ben asks.Not thinking that this is a big deal,you agree to do this favor for Ben."Oh,that's great! Thanks so much.And by the way,I forgot that the plane leaves at 8:30 a.m. ,so I'll have to be at the airport by 6:30 a.m.Pick me up at 6:00.See you then," Ben adds.You are still likely to do the favor for Ben because you have just been a victim of the _____________ technique.
Internal Controls
Internal controls are processes and procedures implemented by organizations to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
Internal Controls
Procedures and mechanisms implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
Operating Activities
Activities that are directly related to the day-to-day operations of a business, such as sales, supply procurement, and employee wage payment.
Separation Of Duties
A key principle in internal control that involves dividing responsibilities among different personnel or departments to reduce risk of fraud and errors.
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