Internal Controls Are Concerned With

question 128

Multiple Choice

Internal controls are concerned with:

• A) only manual accounting systems.
• B) the extent of government regulations.
• C) protecting against theft of assets and enhancing accounting information.
• D) preparing income tax returns.

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Definitions:

Metering Scheme

A pricing strategy used by firms to charge customers based on their actual usage of a service or product.

Indirect Discrimination

Discrimination that occurs when a seemingly neutral provision, criterion or practice puts individuals at a particular disadvantage compared to others, often unintentionally.

Core Technology

The primary technology that is central to a company's products or services, often determining its competitive advantage.

Indirect Discrimination

occurs when a seemingly neutral policy or action causes disadvantageous effects on a group of people because of their race, gender, age, or other protected characteristics.