The Control Environment Component of Internal Control Includes All of the Following

question 82

Multiple Choice

The control environment component of internal control includes all of the following except:

• A)Management's philosophy and operating style.
• B)Access to computer programs.
• C)Organizational structure.
• D)Human resource policies and practices.

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Definitions:

Products

Goods or services offered by businesses to satisfy consumer needs or wants.

Regulatory Environment

The collection of laws, regulations, and rules that govern and influence the conduct of businesses and individuals within a society.

Consumer Protection

Measures and regulations to ensure the rights and safety of consumers are safeguarded.

Fair Competition

An economic condition in which businesses operate on a level playing field, with no unfair advantages, allowing for healthy competition in the market.