An Internal Control System Consists of All the Following Policies

question 125

Multiple Choice

An internal control system consists of all the following policies and procedures except:

• A) Those necessary to ensure the safeguarding of an entity's assets.
• B) Those necessary to ensure that cash on hand and on deposit in checking accounts is beyond the minimal amount for ongoing operations.
• C) Those necessary to ensure the reliability of its accounting records.
• D) Those necessary to ensure the accomplishment of its overall objectives.

---

Definitions:

Medieval Thinkers

Intellectuals during the Middle Ages who explored various fields of thought, including theology, philosophy, and science, often within the framework of religious belief.

Ptolemy's

Refers to the works and theories of Claudius Ptolemy, a Greco-Roman mathematician, astronomer, and geographer, best known for his geocentric model of the universe and the influential text "Almagest."

Blood Circulated

The continuous movement of blood through the heart and blood vessels, which delivers nutrients and oxygen to the body while removing waste products.

William Harvey

William Harvey was a 17th-century English physician who made groundbreaking contributions to anatomy and physiology, notably describing the circulatory system and the motion of blood in the body.