One Benefit of Effective Internal Control Is the Guarantee That

question 26

True/False

One benefit of effective internal control is the guarantee that all employee frauds will now be detected.

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Definitions:

Extrinsic Rewards

Benefits or incentives given to motivate behavior that are external to the task itself, such as money, grades, or accolades.

ERG Theory

A motivational theory proposed by Clayton Alderfer that categorizes human needs into existence, relatedness, and growth categories.

Satisfied Needs

The condition of having one's basic or specific desires fulfilled or met.

Motivational Impact

The effect of different factors on an individual's drive or incentive to perform tasks and goals.