Internal Control Is a Plan of Organization and System of Procedures,implemented

question 99

Multiple Choice

Internal control is a plan of organization and system of procedures,implemented by company ________ and the ________,designed to accomplish five objectives.

• A)internal auditors,employees
• B)external auditors,management
• C)management,board of directors
• D)external auditors,board of directors

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Definitions:

Debt Ratio

A ratio indicating a company's level of indebtedness by dividing its total liabilities by its total assets.

Financial Leverage

The use of borrowed funds to increase the potential return of an investment.

Debt Ratio

A financial ratio that measures the proportion of a company's total debt to its total assets, indicating the company's leverage level.

Total Assets

The combined value of a company's immediate and long-term assets.