What Are the Two Basic Types of Internal Controls

question 37

Multiple Choice

What are the two basic types of internal controls?

• A) Internal audit and internal check
• B) Bank reconciliations and stocktakes
• C) Administrative and accounting controls
• D) Selling and general controls

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Definitions:

Louisiana Senator

A member of the U.S. Senate representing the state of Louisiana, a position elected by the citizens of Louisiana to serve as their legislative representative in the federal government.

The Rich

Individuals or households possessing significant wealth or financial resources, often associated with influence, power, and the ability to affect social, economic, and political processes.

Democratic Senator

A member of the U.S. Senate who is affiliated with the Democratic Party, participating in legislation and policy formulation.

Labor Action

Any form of collective labor effort, such as a strike or work slowdown, aimed at securing improvements in worker conditions, compensation, or rights.