Management Might Develop Controls Related To

question 24

Multiple Choice

Management might develop controls related to:

• A)segregation of duties between members involved in implementing and recording transactions.
• B)procedures to recognize transactions.
• C)requirements for documented transaction trails after transactions can be posted.
• D)physical controls that limit access to assets.

---

Definitions:

Start Saving

The practice of setting aside a portion of current income for future use, aimed at building financial security.

Deposit

The act of placing money into a financial institution for safekeeping or as a way to earn interest.

Rate Of Return

The appreciation or depreciation of an investment's value within a selected period, stated as a percentage of the investment's outset value.

Lottery Winnings

Money or prizes won through a system of random drawing or chance.