Which of These Is Not a Principle of Internal Control

question 40

Multiple Choice

Which of these is not a principle of internal control?

• A)Separation of record keeping and custody of assets
• B)Division of responsibility for related transactions
• C)Appointing an external auditor
• D)Placing excess cash on fixed deposit to earn interest

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Definitions:

Competitive Product

A product that competes in the same market as others by offering similar or better features, quality, or price to attract customers.

Suggestive Proposition

A sales technique that involves making recommendations or suggestions to guide potential customers towards making a purchase decision.

Logical Reasoning

The method of employing a logical, orderly sequence of actions relying on solid mathematical methods and provided assertions to reach a determination.

Visuals

Imagery, graphics, videos, or any visual content used in marketing, presentations, or communication to illustrate ideas, showcase products, or engage an audience.