The Business Process Objectives That an Internal Control System Is

question 51

Multiple Choice

The business process objectives that an internal control system is designed to achieve are:

• A) control goals
• B) control plans
• C) general controls
• D) the control matrix

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Definitions:

Costs Of Quality

The total costs associated with preventing, detecting, and correcting defective work, divided into prevention costs, appraisal costs, and failure costs.

Unit-level Activities

Tasks or operations that vary directly with the number of units produced or services rendered.

Overhead Cost

Costs incurred from running a company that are not directly linked to any individual product or service.

External Financial Reports

External financial reports are documents prepared by a company, such as income statements and balance sheets, that provide financial information to parties outside of the company.