Match the Following Elements of Internal Control

question 178

Multiple Choice

Match the following elements of internal control:
-Control procedures

• A)Provides reasonable assurance that business goals will be achieved
• B)Used by management for guiding operations and ensuring compliance with requirements
• C)Overall attitude of management and employees
• D)Used to locate weaknesses and improve controls
• E)Identify, analyze, and assess likeliness of vulnerabilities

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Definitions:

Egocentrism

A cognitive bias where individuals overemphasize their own perspective and struggles to see situations from others' viewpoints.

Balloons

Flexible bags filled with a gas such as helium, hydrogen, or air, used for decoration, entertainment, or scientific purposes.

Object Permanence

The awareness that objects persist in being even when they are unseen, unheard, or cannot be felt.

Assimilation

The cognitive process of fitting new information into existing cognitive schemas, perceptions, and understanding.