A System of Internal Control

question 135

Multiple Choice

A system of internal control

• A) is infallible.
• B) can be rendered ineffective by employee collusion.
• C) invariably will have costs exceeding benefits.
• D) is premised on the concept of absolute assurance.

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Definitions:

Electromagnetic Energy

Electromagnetic energy is a form of energy that is both electrical and magnetic and travels in waves, including visible light, X-rays, and radio waves.

Heat Energy

The form of energy that is transferred between substances or systems due to a temperature difference.

Ions

Atoms or molecules possessing a net electric charge resulting from the addition or removal of one or more electrons.

Electrons

Negatively charged particles located in the orbits around an atom's nucleus.