Which of the Following Is an Example of an Institution

question 24

Multiple Choice

Which of the following is an example of an institution?

• A)The chief executive officer of a multinational corporation
• B)The United States invaded Iraq to end its weapons of mass destruction program
• C)A state senator
• D)The United Nations

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Definitions:

Internal Audit Staff

A department or team within a company that conducts independent evaluations of its operations, controls, and compliance with laws and regulations.

Accounting Errors/Irregularities

Unintentional or intentional misstatements or omissions in financial statements resulting from oversight, misinterpretation, or fraud.

SEC

The United States Securities and Exchange Commission is a federal entity tasked with the enforcement of federal securities legislation and the oversight of the securities sector.

Accounting Irregularities

Deviations from standard accounting practices, often indicating error or fraud, which can lead to misstated financial reports.