According to the 2004 Management Barometer Survey Conducted with Senior

question 51

Multiple Choice

According to the 2004 Management Barometer Survey conducted with senior executives of MNCs, in addition to internal control effectiveness, which was the next highest area in need of improvement?

• A)Security controls
• B)Internal audit effectiveness
• C)Fraud programs
• D)Financial processes

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Definitions:

Pre-Adolescent Level

A developmental stage referring to individuals typically aged 9-12, immediately preceding adolescence and characterized by changes in physical, emotional, and social domains.

Developed

Refers to a state or condition that has been advanced or matured over time, often used to describe countries with high levels of industrialization, infrastructure, and standard of living.

Intuitive Thought

A type of thinking process that involves knowing or understanding something without the need for conscious reasoning.

Inductive Reasoning

A method of reasoning in which specific observations or instances are used to make broader generalizations or conclusions.