Which of the Following Would Indicate a Deficiency in Internal

question 82

Multiple Choice

Which of the following would indicate a deficiency in internal controls in the acquisition and payment cycle?

• A) Repairs and maintenance accounts are reviewed for unusual entries each quarter
• B) Acquisitions are made and approved by the department that will use the equipment
• C) Acquisitions of equipment greater than $1,000 are to be capitalized
• D) Acquisitions of equipment less than $1,000 are to be expensed as incurred

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Definitions:

Reaction

The process by which chemical substances interact to form new substances with different properties.

Michael Addition

A nucleophilic addition reaction involving the addition of a nucleophile to an alpha, beta-unsaturated carbonyl compound.

Transformation

In chemistry, transformation refers to the change of a chemical substance into another form through a chemical reaction, often involving the rearrangement or modification of atoms.

Robinson Annulation

A chemical reaction combining the Michael reaction and the Aldol condensation to build ring structures, particularly useful in synthesizing steroids.