Which One of the Following Statements Regarding Internal Control Is

question 14

Multiple Choice

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

• A) Companies can design a system of internal control that is foolproof.
• B) A well-designed internal control system is a luxury that few companies can afford.
• C) It is easier to implement an effective internal control system in a small company because of the limited number of employees.
• D) Large companies are able to devote a substantial amount of resources to internal control systems because these companies have the assets to justify the cost.

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Definitions:

Functional Abilities

The capacity to engage in activities or tasks that are fundamental to caring for oneself and living independently.

24-hour Nursing Care

Continuous nursing services provided throughout all hours of the day to ensure patient needs are met.

Complementary and Alternative

Non-traditional medical or health care practices used alongside or instead of conventional medicine.

Herbal Medicines

Products made from plants that are used to prevent or treat diseases or to promote health and well-being.