Properly Supervising Employees Would Be an Example of What Element

question 51

Multiple Choice

Properly supervising employees would be an example of what element of internal control?

• A)Control environment
• B)Control activities
• C)Information and communication
• D)Risk assessment

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Definitions:

Accrual-based Net Income

Net income calculated under the accrual basis of accounting, recognizing revenues when earned and expenses when incurred, regardless of cash flow.

Domestic Corporations

Companies that are incorporated and operate within the legal jurisdiction of a specific country.

Accrual-based Net Income

The measure of an organization's earning power from ongoing operations, calculated by adding non-cash expenses and revenues booked but not paid to net income under cash accounting.

Domestic Corporations

Companies that are incorporated and operate within the country where they were formed.