A System of Internal Control

question 135

Multiple Choice

A system of internal control

• A) is infallible.
• B) can be rendered ineffective by employee collusion.
• C) invariably will have costs exceeding benefits.
• D) is premised on the concept of absolute assurance.

---

Definitions:

Action Plan

Describes how you are going to reach your goal.

Goal Setting

The act of identifying specific, measurable, achievable, relevant, and time-bound objectives to guide personal or organizational progress.

Action Plan

A detailed strategy outlining the steps necessary to achieve a particular goal or objective, including timelines and resources needed.

Engaged Employee

A worker who is fully involved in, and enthusiastic about, his or her work and therefore acts in a way that furthers their organization's interests.