An Internal Control System Is the Policies and Procedures That

question 85

Multiple Choice

An internal control system is the policies and procedures that managers use to

• A) Protect assets
• B) Ensure reliable accounting
• C) Promote efficient operations
• D) Encourage adherence to company policies.
• E) All of the above

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Definitions:

Non-literate Cultures

Societies or communities that do not employ a system of writing or rely predominantly on oral transmission for communication and the preservation of knowledge.

Premises

Statements or propositions from which conclusions are drawn or arguments are based.

Premises

Statements or propositions that serve as the foundation for a conclusion in logic or reasoning.

Reasoning

Cognitive process(es) used in transforming given information, called premises, into conclusions. Reasoning is often seen as a special kind of thinking.