Internal Controls Are Most Effective When

question 170

Multiple Choice

Internal controls are most effective when:

• A)collusion is possible.
• B)the organization is constantly changing.
• C)the only asset a company has is cash.
• D)employees at all levels adopt the goals and objectives of the organization.

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Definitions:

Autarky Price

is the price of a good in a closed economy that does not engage in international trade, determined solely by domestic supply and demand.

Beef

A type of meat obtained from cattle, widely consumed as a food product.

Tulips

A type of flowering plant known for its bright colors and variety, often associated with the Netherlands.

Exporting Industry

An industry that primarily produces goods or services for consumption outside the domestic market.