The Extent of Internal Control Features Adopted by a Company

question 36

True/False

The extent of internal control features adopted by a company must be evaluated in terms of cost-benefit.

---

Definitions:

Customs

Traditional practices and norms that are established and followed by a society, community, or group.

Cultural System

An integrated network of culturally related elements, such as beliefs, practices, norms, and values that influence and guide the behavior of individuals within a particular society.

Ecology

The branch of biology that studies the relationships between organisms and their environment.

Ideology

A system of ideas, beliefs, and values, especially one that forms the basis of economic or political theory and policy.