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:

Harmonious Relationships

Relationships characterized by minimal conflict and a high degree of understanding, cooperation, and agreement among individuals or groups.

Low Individualism

A cultural value orientation that emphasizes collective over individual action and decisions, prioritizing group goals over personal ones.

Individual Rights

The fundamental freedoms and protections that belong to each person, often highlighting issues of fairness and respect in social and organizational contexts.

Ethical Principle

Fundamental guidelines that dictate the behavior and decision-making process of individuals or organizations, ensuring actions are morally right.