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    Principles of Financial Accounting Study Set 1
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    Exam 7: Internal Control and Cash
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    A System of Internal Control
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A System of Internal Control

Question 38

Question 38

Multiple Choice

A system of internal control


A) can never fail.
B) can be ineffective if employees collude.
C) will have costs exceeding benefits.
D) is based on the concept of absolute assurance.

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