Match the Following Elements of Internal Control

question 121

Multiple Choice

Match the following elements of internal control:
-Information and communication

• 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:

Nature

The inherent characteristics or essence of something, often used in the context of the physical world or the environment.

Possessed

In a business context, this term is not typically used with a specific definition, so it might not be a real key term. NO.

Uncontrollables

External factors that a business cannot control or influence, such as economic conditions, competition, and government regulation.

Limitations

Constraints or restrictions that hinder progress or reduce the effectiveness of actions and strategies.