The Company's Has the Primary Responsibility for Establishing and Maintaining

question 19

Multiple Choice

The company's has the primary responsibility for establishing and maintaining a company's system of internal control.

• A)stockholders
• B)internal auditors
• C)external auditors
• D)top management

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Definitions:

Virginia Plan

A proposal drafted by James Madison and presented by Edmund Randolph to the Constitutional Convention in 1787, suggesting a national government with legislative, executive, and judicial branches structured primarily around population or financial contributions, favoring larger states.

Universal Suffrage

The right of all adult citizens to vote in political elections, regardless of property ownership, income, race, or gender, a fundamental principle of democratic societies.

State's Revenue

The total income generated by a state government through taxation, fees, charges, and other sources used to fund public services and infrastructure.

Militia Strength

The capability and power of a militia, which is a military force composed of ordinary citizens to provide defense, emergency law enforcement, or paramilitary service.