A General Rule That Should Be Followed When Developing Control

question 9

Multiple Choice

A general rule that should be followed when developing control procedures for a company's assets is:

• A)The cost of the control procedure will likely exceed the procedure's benefit
• B)The procedure should not be designed and implemented unless an asset's cost exceeds $5,000
• C)The more liquid an asset is, the greater the risk of its misappropriation
• D)The procedure should not be designed and implemented in situations where a risk assessment has been previously performed

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Definitions:

Average Age

Calculated as the mean age of a population or group, it gives an indication of the demographic makeup concerning age.

Body Project

The pursuit of modifying one’s physical appearance through practices such as diet, exercise, and cosmetic surgery to meet societal beauty standards.

Camouflaging

The act of concealing or disguising someone or something's appearance, intentions, or aspects to blend in with the surrounding environment or situation.

Redesigning

Involves changing the structure, form, or appearance of something to improve its functionality or aesthetic.