Which of the Following Is the Most Important Requirement of Internal

question 40

Multiple Choice

Which of the following is the most important requirement of internal control?

• A)effectiveness and efficiency of operations
• B)reliability of financial reporting
• C)compliance with applicable laws and regulations
• D)systems and procedures that help to manage risk and achieve objectives

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Definitions:

Historical Facts

Historical facts are pieces of information about past events that are considered to be true based on evidence and research.

Pavlovian Conditioning

A learning process in which an initially neutral stimulus becomes associated with a specific response through pairing with a stimulus that naturally evokes that response.

Instrumental Conditioning

A learning process through which behavior is modified using rewards or punishments, also known as operant conditioning.

Fear Conditioning

A learning process where an organism learns to associate a neutral stimulus with an adverse event, leading to a conditioned response to the originally neutral stimulus.