7.a) Describe the six principles of internal controls that is highlighted in our textbook. Provide at least one example for each of the six principles. If a principle has more than one meaning, include all meanings described in our book.

7b) Which of the principle(s) of internal control apply to most businesses?

7c) Explain the difference between segregation of duties principle and establishment of responsibility principle. Provide examples of each principle that would help in our understanding of the difference between these two principles. Examples should differ from your 7a) examples provided above.