Which of the Following Descriptions of the Internal Control System

question 223

Multiple Choice

Which of the following descriptions of the internal control system are indicators that risks are managed effectively? 1. Existing controls promote compliance with applicable laws and regulations. 2. The control environment is designed to address all identified risks to the organization. 3. Key controls for significant risks to the organization remain consistent over time. 4. Monitoring systems are in place to alert management to unexpected events.

• A) 1 and 3.
• B) 1 and 4.
• C) 2 and 3.
• D) 2 and 4.

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Definitions:

Shift Points

Specific engine speeds at which an automatic transmission changes gears, maximizing performance or fuel efficiency.

Governed Rpm

The maximum engine speed set by a governor device, designed to prevent damage to the engine by limiting its operational speed.

Stall Test

A diagnostic procedure used to evaluate the performance of an automatic transmission and torque converter by measuring engine response and behavior under load.

Stall Test

A diagnostic procedure used to assess the condition and performance of a vehicle's transmission or torque converter by measuring its ability to hold a specific engine speed without moving.