Regarding the Cost-Benefit Concept, Which of the Following Statements Is

question 51

Multiple Choice

Regarding the cost-benefit concept, which of the following statements is true?

• A)Every control procedure that offers benefits to a company should be implemented into the company's system
• B)An optimal internal control package is developed for a company's system by implementing a standardized package of control procedures
• C)A control procedure is considered cost effective if it can be determined that the cost of operating the procedure will be cheaper in the current period compared to the previous period
• D)A control procedure is considered cost effective when its anticipated benefits exceed its anticipated costs

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Definitions:

Early Psychology Laboratories

Facilities from the late 19th and early 20th centuries dedicated to experimental studies in psychology, the first of which was established by Wilhelm Wundt in 1879.

Adaptation

The process by which an organism becomes better suited to its environment.

Survival

The state of continuing to live or exist, typically in spite of an ordeal, danger, or hardship.

Emotions

Complex psychological states that involve physiological arousal, expressive behaviors, and conscious experience.