A System of Internal Control

question 153

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.

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Definitions:

PGA

An acronym that can refer to several concepts; in a biological context, it often stands for phosphoglyceric acid, a 3-carbon molecule formed in the Calvin cycle of photosynthesis.

PGAL

Phosphoglyceraldehyde, an intermediate molecule formed in the photosynthesis and glycolysis metabolic pathways, important in the metabolic process.

NADPH

Nicotinamide adenine dinucleotide phosphate, a coenzyme involved in cellular processes, mainly anabolism and as a reducing agent in anabolic reactions.