An Internal Control System Consists of All the Following Policies

question 5

Multiple Choice

An internal control system consists of all the following policies and procedures necessary to ensure except:

• A)Those necessary to ensure the safeguarding of an entity's assets.
• B)Those necessary to ensure that cash on hand and on deposit in checking accounts is beyond the minimal amount for ongoing operations.
• C)Those necessary to ensure the reliability of its accounting records.
• D)Those necessary to ensure the accomplishment of its overall objectives.

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Definitions:

Microsoft Office 2003

A suite of productivity software released by Microsoft, including applications such as Word, Excel, and PowerPoint, used for document creation, calculation, and presentation.

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A term referring to Americans with ancestry from the black racial groups of Africa.

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The numerical evaluation, situated between 0 and 1, estimating the probability of an event's occurrence.

Sample Space

The set of all possible outcomes in a probability experiment.