A System of Internal Controls Consisting of Policies and Procedures

question 57

True/False

A system of internal controls consisting of policies and procedures are designed to provide management with reasonable assurance that the company can achieve its goals and objectives.

Recognize how contract law varies internationally, with specific references to general and special provisions in contracts.

Understand the conditions under which a non-party to a contract may be held responsible for payment under theories such as quasi-contract.

Recognize the role of intent and subjective belief in the formation and enforceability of contracts.

Understand how contract law defines and handles negotiable instruments.