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

---

Definitions:

Policies

Guidelines or rules established by organizations or governments to steer decisions and achieve rational outcomes.

Regulations

Laws or rules prescribed by an authority to regulate conduct or ensure compliance with standards.

Green Economies

Economic development models that emphasize sustainability, reducing environmental risks, and enhancing resource efficiency.