Internal Control Relates to an Organization's Achievement of Objectives in Three

question 4

Multiple Choice

Internal control relates to an organization's achievement of objectives in three major categories. Which of the following best pairs one of the categories with a specific example?

• A)Effectiveness & efficiency of operations, fulfilling the requirements of the Foreign Corrupt Practices Act
• B)Effectiveness & efficiency of operations, listing appropriate assets at their current market value
• C)Reliability of financial reporting, fulfilling the requirements of the Foreign Corrupt Practices Act
• D)Reliability of financial reporting, listing appropriate assets at their current market value

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Definitions:

Formal Operational

The final stage of Jean Piaget's theory of cognitive development, starting at age 12, where individuals develop the ability to think abstractly and reason logically.

Sensorimotor

The developmental stage in early childhood where learning is achieved through physical interactions and experiences with the environment.

Puberty

The period during which adolescents reach sexual maturity and become capable of reproduction, marked by hormonal changes and physical development.

Primary Sex Characteristics

The main physical features that differentiate males and females, involved directly in reproduction.