Which of the Following Is Not a Physical Means of Internal

question 54

Multiple Choice

Which of the following is not a physical means of internal control?

• A) Employment of security staff
• B) Employee identification cards
• C) Manager Authorisation
• D) Password protected access to buildings

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Definitions:

Average Income

The mean amount of earnings generated over a specified period of time, taking into account all revenue sources.

Cash Payback Method

The cash payback method is a capital budgeting method that estimates the time required for a project to generate cash flows sufficient to recoup the initial investment.

Average Rate Of Return Method

An investment appraisal technique that calculates the expected return of an investment by averaging its annual profits and dividing by its initial cost.

Net Present Value Method

A method used in capital budgeting and investment planning that calculates the difference between the present value of cash inflows and the present value of cash outflows over a period of time.