Which of These Is Not a Characteristic of Good Internal

question 64

Multiple Choice

Which of these is not a characteristic of good internal control?

• A) Insurance of assets
• B) Joint of responsibility for assets
• C) Rotation of employees over a range of tasks
• D) Regular bank reconciliations

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Definitions:

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period, typically downward sloping.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, reflective of its sensitivity to price changes.

Price Elasticity

An indicator of consumer sensitivity to price fluctuations, represented by the extent to which demand for a product varies in response to its price adjustments.

Pay-As-You-Go Principle

A financing method where expenditures are not financed by borrowing but from current revenues.