All Internal Control Policies and Procedures Have Limitations That Usually

question 31

True/False

All internal control policies and procedures have limitations that usually arise from either (1) human error or human fraud, or (2) the cost-benefit principle.

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Definitions:

Fixed

Pertains to an electronic component or value that remains constant and unchanged throughout its operation or use.

Vibrating

A process or state characterized by rapid oscillations or movements back and forth or up and down, often at a relatively fixed frequency.

Resistance Start Induction-run Motor

A type of single-phase induction motor that uses an external resistor to increase starting torque, which is removed once the motor reaches a certain speed.

Start Winding

The winding of a split-phase motor that is connected out of phase with the run winding to produce a rotating magnetic field.