Keeping Supplies in a Locked Room with Access Allowed Only

question 120

Multiple Choice

Keeping supplies in a locked room with access allowed only to authorized personnel is an example of which preventive control?

• A)Separation of duties.
• B)Physical controls.
• C)Proper authorization.
• D)Employee management.

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Definitions:

Declare Dividends

Declare dividends refers to the action by a company's board of directors to distribute a portion of the earnings to shareholders, typically in the form of cash or stock.

Execute Policy

The act of implementing or carrying out a set of directives or procedures laid down by an organization or government.

Obtain Capital

The act of securing funds or resources to finance business operations, typically through borrowing, equity investment, or earnings.

Limited Liability

A legal structure that limits the financial responsibility of owners or shareholders to the amount they invested in the business, protecting personal assets from company debts and liabilities.