Internal Control Does Not

question 126

Multiple Choice

Internal control does not:

• A)help safeguard the assets a business uses in its operations.
• B)guarantee a company will not go bankrupt.
• C)prevent and detect error and fraud.
• D)promote operational efficiency.

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Definitions:

Research Study

A systematic investigation designed to develop or contribute to generalizable knowledge by examining, exploring, and recording various phenomena.

Television Advertising

The use of TV media to market products or services to a wide audience through commercial broadcasts.

Epistemology

The study or theory of knowledge. Epistemology addresses such questions as “What is knowledge?” and “How do we know what we know?”

Worldview I

The fundamental cognitive orientation of an individual or society encompassing the whole of the individual's or society's knowledge and point of view.