The Responsibility of Management to Safeguard Assets and Funds Entrusted

question 90

Multiple Choice

The responsibility of management to safeguard assets and funds entrusted to them by the owners of an organization is referred to as:

• A)Stewardship Responsibility
• B)IT System Controls
• C)Application Controls
• D)Internal Controls

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Definitions:

Irruptive Population

A sudden, sharp increase in an animal population size, often as a result of changes in food availability or other environmental factors.

Long-lived Species

Organisms that have a lifespan significantly longer than most other species within their ecological niche or environment.

Economies

Systems of production, distribution, and consumption of goods and services within a certain geographical area or globally.

Societies

Groups of individuals involved in persistent social interaction, or a large social grouping sharing the same geographical or virtual territory, typically subject to the same political authority and dominant cultural expectations.