Which of the Following Statements Regarding Internal Controls Systems Is

question 102

Multiple Choice

Which of the following statements regarding internal controls systems is false?

• A)Effective internal control systems provide complete assurance against the occurrence of material frauds and embezzlements.
• B)Internal control systems depend largely on the competency and honesty of people.
• C)Because internal control systems have a cost, management should evaluate the cost/benefit of each control plan.
• D)The development of an internal control system is the responsibility of management.

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Definitions:

Young Adults

Individuals in their late teens to early thirties, a stage characterized by transition from adolescence to full-fledged adulthood.

Delta Waves

Slow brainwaves primarily associated with deep sleep and the restorative stage of the sleep cycle.

Deep Sleep

Deep sleep, or slow-wave sleep, is a stage of sleep that is crucial for physical renewal, hormonal regulation, and growth.

REM Periods

Stages of sleep characterized by rapid eye movement, low muscle tone, and the propensity to dream.