1. Which of the following is a good system of internal control: A. Urges adherence to prescribed managerial policies B. Insures profitable operations C. Eliminates the need for an audit D. Requires the use of non-computerized systems E. Is not necessary if the company uses a computerized system

2. When, two clerks share same cash register, which one of the internal control principle is violated? A. Establish responsibilities B. Maintain adequate records C. Insure assets D. Bond key employees E. Apply technological controls