Which One of the Following Is Not a Fundamental Control

question 42

Multiple Choice

Which one of the following is not a fundamental control element the auditor would expect to find in place for all cash processing systems?

• A)Segregation of duties
• B)Electronic payments
• C)Authorization of transactions
• D)Periodic internal audits

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Definitions:

Product Differentiation

A marketing process that showcases the differences between products. Distinctions can be physical, such as features, or intangible, like brand image.

Management Accounting System

A framework used by organizations to provide financial data and information to managers for decision-making purposes.

Product Differentiation Strategy

A marketing strategy that businesses use to distinguish their products from similar offerings in the market, through unique features, branding, or quality.

Cost Reduction

The process of identifying and eliminating unnecessary costs to improve a company's profitability.