Two Broad Groupings of Controls Are ________

question 55

Multiple Choice

Two broad groupings of controls are ________.

• A)internal controls and segregation of duties
• B)physical access controls and password controls
• C)validity checks and completeness checks
• D)general controls and application controls

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Definitions:

Common Stock

Shares of ownership in a corporation, giving holders voting rights and a claim on profits in the form of dividends.

Capital Stock

The total amount of a company's capital, represented by the shares of its stock.

Commission Charges

Commission charges are fees paid for services, particularly in the fields of finance and real estate, calculated as a percentage of the transaction value.

Dollar Amount

The value of something measured in units of currency, specifically U.S. dollars.