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When designing an internal control system, which term best describes Evaluate areas of risk and the ways to best manage them. Risk Assessment Control Activities

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When designing an internal control system, which term best describes "Evaluate areas of risk and the ways to best manage them." Risk Assessment Control Activities Monitoring O Control Environment All of the following, except are examples of physical controls to protect assets: Alarms Card keys Garment sensors Prenumbered documents All of the following are a principle in cash management, except: O pay liabilities as slow as possible. o collect receivables as quickly as possible. always keep inventory high so that sales opportunities are never missed. invest idle cash

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