Internal Controls Must Provide a __________Assurance That They Achieve Their

question 44

Multiple Choice

Internal controls must provide a __________assurance that they achieve their objectives.

• A) perfect.
• B) reasonable.
• C) guaranteed.
• D) limited.

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Definitions:

Satisfaction

The feeling of pleasure or contentment arising from meeting one's needs, desires, or expectations.

Utility

A measure of satisfaction or benefit that a consumer receives from consuming goods and services.

Consumer Derives

The satisfaction or utility that a consumer obtains from the consumption of goods and services.

Total Utility

The complete fulfillment obtained from the consumption of a specific overall amount of a product or service.