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:

Maintenance Rehearsal

A cognitive process involving the repetition of information to keep it within working memory or to store it in short-term memory.

Phone Number

A sequence of digits assigned to a telephone line for the purpose of making and receiving calls.

Selective Attention

The process of focusing on a specific aspect of information while disregarding other perceivable information.

Short-term Memory

The component of the memory system that is responsible for holding small amounts of information in an active, readily available state for a short period.