Internal Control Is a Comprehensive System That Helps an Organization

question 58

Multiple Choice

Internal control is a comprehensive system that helps an organization do all of the following EXCEPT:

• A)safeguard assets.
• B)safeguard liabilities.
• C)operate efficiently and effectively.
• D)ensure compliance with applicable laws and regulations.

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Definitions:

Dizygotic Twins

Also known as fraternal twins, these are two siblings born at the same time who have developed from two different eggs fertilized by two different sperm cells.

Homozygous

Describes an organism with two identical alleles for a particular trait or gene.

Heterozygous

Possessing two different alleles of a gene, one inherited from each parent, resulting in variation of a genetic trait.

Infant Mortality

Death within the first year of life.