A Good System of Internal Control

question 109

Multiple Choice

A good system of internal control

• A) Encourages adherence to prescribed managerial policies
• B) Promotes operational efficiencies
• C) Eliminates the need for an audit
• D) Both encourages adherence to prescribed managerial policies and promotes operational efficiencies
• E) All of the above

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Definitions:

Rhode Island

The smallest state in the United States, known for its coastal scenery and as a haven for religious freedom during its founding.

Representative

An individual who is elected to serve and act on behalf of a larger group of people, particularly in legislative or governmental roles.

Loyalists

Colonists who remained loyal to the British crown during the American Revolutionary War, often opposing the independence movement.

Virginia Plan

A proposal by Virginia delegates for a bicameral legislative branch during the drafting of the United States Constitution in 1787, emphasizing representation based on state population or financial contributions.