Ch08会计学原理怀尔德21版答案.docx

Chapter 8 Cash and Internal Controls?True/False Questions?1.?A properly designed internal control system is a key part of systems design, analysis, and performance.?Answer: True?Blooms: RememberAACSB: TechnologyAICPA BB: IndustryAIPCA BB: Leveraging TechnologyAICPA FN: Leveraging TechnologyDifficulty: 1 EasyLearning Objective: 08-C1Topic: Purpose and Principles of Internal Control?2.?The use of internal controls provides guaranteed protection against losses due to operating activities.?Answer: False?Blooms: RememberAACSB: TechnologyAICPA BB: IndustryAICPA FN: Leveraging TechnologyDifficulty: 1 EasyLearning Objective: 08-C1Topic: Purpose and Principles of Internal Control 3.?Maintaining adequate records is an important internal control principle. Answer: True Blooms: RememberAACSB: TechnologyAICPA BB: IndustryAICPA FN: Leveraging TechnologyDifficulty: 1 EasyLearning Objective: 08-C1Topic: Purpose and Principles of Internal Control?4.?Proper internal control means that responsibility for a task is clearly established and assigned to one person.?Answer: True?Blooms: RememberAACSB: TechnologyAICPA BB: IndustryAICPA FN: Leveraging TechnologyDifficulty: 1 EasyLearning Objective: 08-C1Topic: Purpose and Principles of Internal Control?5.?Technology such as cash registers, check protectors, time clocks and personal identification scanners can improve internal control.?Answer: True ?Blooms: RememberAACSB: TechnologyAICPA BB: IndustryAICPA BB: Leveraging TechnologyAICPA FN: Leveraging TechnologyDifficulty: 1 EasyLearning Objective: 08-C1Topic: Purpose and Principles of Internal Control?6.?An internal control system consists of the policies and procedures companies use to protect assets, ensure reliable accounting, promote efficient operations, and urge adherence to company policies.? Answer: True ?Blooms: RememberAACSB: TechnologyAICPA BB: IndustryAICPA BB: Leveraging TechnologyAICPA FN: Leveraging TechnologyDifficulty: 1 EasyLearning Objective: 08-C1Topic: Purpose and Princi