One of the Most Important Reasons for Having a System

question 2

Multiple Choice

One of the most important reasons for having a system of internal control is to:

• A)improve the effectiveness and efficiency of the operations of the organization.
• B)ensure no employees have ever been convicted of fraud or embezzlement.
• C)eliminate any temptations that may be presented to employees that could lead to theft from the company.
• D)prevent a salesperson from using a company car for personal transportation.

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Definitions:

Theory

A set of statements that explains why a particular phenomenon occurs.

Developmental Tasks

Specific role expectations and responsibilities that must be fulfilled as people move through the family life cycle.

Unidimensional

Describing or pertaining to a concept or measurement that involves only one aspect or dimension.

Cyclical

Describes a process that repeats itself in a predictable pattern over a period of time.