Regarding Internal Control Systems

question 124

Multiple Choice

Regarding internal control systems:

• A) ultimate ownership of the system should rest with the board of directors.
• B) a properly implemented system can be expected to provide 100 percent assurance that the organization will meet its objectives.
• C) both a. and b.
• D) neither a. not b.

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Definitions:

Procedural Justice

The fairness of the processes that are used to make decisions, often judged by the transparency, consistency, and impartiality of the process.

Volunteering

The act of offering services or contributing time towards a cause or for the benefit of others without expecting monetary compensation.

Procedural Justice

Concerns the fairness and transparency of the processes by which decisions are made, affecting people's perceptions of fairness in organizational and social settings.

Attitudes Of Workers

The mental and emotional states, including views and predispositions, of employees towards their jobs, workplace, and overall work environment.