ACC 556 Chapter 7 Quiz( 100 % Score) For more course tutorials visit www. tutorialrank. com
Match the items below by entering the appropriate code letter in the space provided.
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ACC 556 Chapter 7 Quiz( 100 % Score) For more course tutorials visit www. tutorialrank. com
Chapter 7 Quiz
Question 1 The most important element of the fraud triangle is rationalization. Question 2
Requiring employees to take vacations is a weakness in the system of internal controls because it does not promote operational efficiency.
Question 3
Under an effective system of internal control, errors occur only as a result of fraud or dishonesty.
Question 4
Control over cash disbursements is improved if major expenditures are paid by check.
Question 5