Which of the Following Statements Is Not True Regarding Internal

question 50

Multiple Choice

Which of the following statements is not true regarding internal control procedures?

• A) Internal control procedures include methods to achieve compliance with laws and regulations.
• B) Internal control procedures direct operations toward common goals.
• C) Internal control procedures are designed to safeguard company assets.
• D) Internal control procedures are not affected by the cost-benefit principle.
• E) Internal control procedures are designed to ensure reliable financial reports.

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Definitions:

Emotionally Expressive

Displaying emotions openly and freely through verbal or nonverbal communication.

Being Confrontational

The act of directly addressing disagreements or conflicts with others, often involving a challenge or assertion of one's position.

Performance Management

The process of ensuring employees' activities and outputs align with the organization's goals, through planning, monitoring, and reviewing employee performance.

Operations Team

A group within an organization responsible for overseeing and managing the day-to-day activities required to maintain and enhance the business's operational functions.