Internal Controls May Be Limited by Each of the Following

question 6

Multiple Choice

Internal controls may be limited by each of the following except

• A) the size of the business.
• B) the human element.
• C) internal audits.
• D) collusion.

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Definitions:

Rational Method

A logical approach to gaining knowledge, often involving critical thinking and deductive reasoning.

Projective Tests

Psychological assessments that use ambiguous stimuli to elicit responses that are thought to reveal a person's unconscious thoughts and feelings.

Validity

The extent to which a test or instrument measures what it claims to measure accurately.

Expensive

Something that requires a high cost or a large amount of resources to obtain.