Effective Internal Controls Are Designed to Help Organizations Achieve Which

question 31

Multiple Choice

Effective internal controls are designed to help organizations achieve which of the following objectives?

• A) reliability of financial reporting
• B) efficiency and effectiveness of operations
• C) compliance with applicable laws and regulations
• D) all of the above

---

Definitions:

Standard Normal

A typical distribution that has a mean value of 0 and a standard deviation value of 1.

Obtaining

The act of gaining possession of something, usually after an effort.

Uniformly Distributed

A distribution where all outcomes are equally likely, and the variable's values are spread evenly over the range of possibilities.

Probability Density Function

A probability density function is a function that describes the probability of a random variable taking on certain values, used for continuous variables where the probability of any single value is zero.