Chester Company Has Established Internal Control Policies and Procedures in Order

question 84

Multiple Choice

Chester Company has established internal control policies and procedures in order to achieve the following objectives:
1) Effective evaluation of management performance.
2) Assure that the accounting records contain reliable information.
3) Safeguard the company's assets.
4) Assure that employees comply with company policy.
Which of these objectives are achieved by accounting controls?

• A)Objectives 1 and 2
• B)Objectives 2 and 3
• C)Objectives 3 and 4
• D)All four objectives

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Definitions:

Response Tendencies

Patterns or predispositions in the way individuals react to certain stimuli or situations, often influenced by psychological factors.

B.F. Skinner

An American psychologist best known for his work in behaviorism and the development of the theory of operant conditioning.

Stimulus Situations

Specific environments or scenarios in which particular stimuli are presented to invoke a reaction or response.

Psychodynamic Theories

Psychological theories that emphasize the influence of the unconscious mind on behavior and personality development.