Which of the Following Statement Is Correct Regarding Internal Control

question 10

Multiple Choice

Which of the following statement is correct regarding internal control?

• A)A well-designed internal control environment ensures the achievement of an entity's control objectives.
• B)An inherent limitation to internal control is the fact that controls can be circumvented by management override.
• C)A well-designed and operated internal control environment should detect collusion perpetrated by two people.
• D)Internal control in a necessary business function and should be designed and operated to detect errors and fraud.

Comprehend Berkowitz's theory of aggression and the frustration-aggression hypothesis.

Identify why the use of polygraph tests is limited or banned in certain contexts.

Extract relevant factors for predicting violent behavior.

Distinguish the physiological measures used in guilt detection tests.

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Definitions:

Government Bondholders

Individuals or institutions that hold debt securities issued by the government.

Public Charge

An individual who relies on public resources for support, often used in immigration policy to assess the potential dependency of new entrants.

Estates

Historically, a social or political class; in modern terms, often refers to a substantial area of land or property.

Benjamin Franklin

A Founding Father of the United States, renowned for his contributions to the drafting of the Declaration of Independence and the U.S. Constitution, as well as his inventions and scientific discoveries.