Which of the Following Describes the Control Environment

question 75

Multiple Choice

Which of the following describes the control environment?

• A)Internal auditors monitor company controls to safeguard assets, and external auditors monitor the controls to ensure that the accounting records are accurate.
• B)The control environment is the "tone at the top" of the business.
• C)The control environment is designed to ensure that the business's goals are achieved.
• D)A company must identify its risks.

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Definitions:

Exports

Goods or services sent from one country to another for sale or trade.

Wheat

A cereal grain that is a staple food in many parts of the world, used to make products like flour, bread, and pasta.

Cattle

Large domesticated bovines that are raised for their meat (beef), milk, or as draft animals.

Opportunity Cost

Losing out on potential advantages from multiple alternatives by committing to one.