Which of the Following Is TRUE of Internal Control

question 160

Multiple Choice

Which of the following is TRUE of internal control?

• A)A company's outside auditor is responsible for the company's internal control system.
• B)Internal control procedures tend to diminish the importance of operational efficiency.
• C)One of the major purposes of internal control is to ensure accurate, reliable accounting records.
• D)Internal controls are only necessary for large businesses.

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Definitions:

Positive Experiences

Events or moments that lead to feelings of happiness, satisfaction, or well-being.

Performance Goals

Goals framed in terms of performing well in front of others, being judged favorably, and avoiding criticism.

Intrinsic Pleasure

A feeling of satisfaction or joy that comes from within, not dependent on external factors.

Attachment Style

Patterns of attachment behavior that are established in early childhood and affect relationships throughout one's life, including secure, anxious, and avoidant attachment styles.