Which One of the Following Statements Regarding Internal Control Is

question 120

Multiple Choice

Which one of the following statements regarding internal control is false?

• A)It is not possible to design a system of internal controls that is foolproof.
• B)A well-designed system of internal controls should be the goal of every organization whether for profit or not-for-profit.
• C)Separation of duties is the easiest control activity to implement in small companies.
• D)It is easiest to implement effective internal controls in large companies which are able to devote substantial resources to those systems.

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Definitions:

Pyroclastic Column

A pyroclastic column is a dense, vertical plume of hot volcanic materials, including ash, pumice, and volcanic gases, expelled during explosive volcanic eruptions.

Lava Fountain

A spectacular volcanic phenomenon in which molten lava is violently ejected into the air from a vent or crack, forming a fountain-like appearance.

Lava Flow

The movement of molten rock expelled by a volcano onto the Earth's surface.

Low-viscosity Lavas

Lava flows that are thin, runny, and able to travel long distances due to their low resistance to flow.