Perhaps the Most Difficult Task in Creating a Cybernetic Control

question 2

Multiple Choice

Perhaps the most difficult task in creating a cybernetic control system is what?

• A)Finding a common standard for all the elements we wish to control
• B)Limiting the elements we wish to control to a reasonable number
• C)Setting the standards for each element of output we wish to control
• D)Selling top management on the list of elements to be controlled

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Definitions:

Outstanding Checks

Checks that have been written and recorded by an entity but not yet cleared or cashed by the recipient.

Control Environment

The control environment forms part of an organization’s internal control framework, setting the tone for discipline and structure regarding the internal controls and operational processes.

Risk Assessment

The process of identifying, analyzing, and evaluating the likelihood and impact of risks on a project or organization.

Control Procedures

Policies and procedures that are put in place by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.