The Limitations of Internal Control Policies and Procedures Do Not

question 215

Multiple Choice

The limitations of internal control policies and procedures do not include:

• A)Human error.
• B)Human fraud.
• C)Cost-benefit principle.
• D)Collusion.
• E)Establishing responsibilities.

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Definitions:

Francis Crick

A British scientist known for co-discovering the structure of the DNA molecule with James Watson.

Crystallized Intelligence

The capability of applying knowledge and experiences that one has learned over time.

Triarchic Intelligence

A theory by Robert Sternberg that intelligence consists of analytical, creative, and practical aspects.

Fluid Intelligence

The ability to solve new problems, use logic in new situations, and identify patterns without relying on previously acquired knowledge.