A Good System of Internal Control

question 25

Multiple Choice

A good system of internal control:

• A)Promotes operational efficiencies.
• B)Eliminates the need for an audit.
• C)Encourages adherence to prescribed managerial policies.
• D)Both encourages adherence to prescribed managerial policies and promotes operational efficiencies.
• E)All of these answers are correct.

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Definitions:

Constructive Feedback

Useful and positive criticism meant to help improve performance or behavior.

Trust

The confidence in the reliability, truth, ability, or strength of someone or something, often seen as foundational in relationships and organizations.

Communication Barriers

Obstacles in the process of communication that prevent clear and effective exchange of ideas and information between individuals or groups.

Perceptual Distortions

Alterations in the accurate perception of sensory experiences, often influenced by personal biases, emotions, or specific contexts.