Which of the Following Statements Concerning Internal Controls Is True

question 28

Multiple Choice

Which of the following statements concerning internal controls is true?

• A)Internal administrative controls are designed to limit the amount of funds spent on investments.
• B)Strong internal controls provide reasonable assurance that the objectives of a company will be accomplished.
• C)Internal accounting controls are limited to the policies and procedures used to protect the company from embezzlement.
• D)The control procedure,separation of duties,prohibits the employment of a husband and wife or other closely related parties within the same company.

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Definitions:

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Refers to the process by which new standards, behaviors, and conventions emerge and are adopted within a group or society.

Role Conflict

A situation where an individual faces competing demands or expectations from different roles they occupy.

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Individuals enrolled in an institution of higher education, typically pursuing undergraduate degrees.

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The strategies and efforts individuals use to control or influence the impressions others form of them, often in social or professional settings.