Which of the Following Describes the Control Environment

question 75

Multiple Choice

Which of the following describes the control environment?

• A)Internal auditors monitor company controls to safeguard assets, and external auditors monitor the controls to ensure that the accounting records are accurate.
• B)The control environment is the "tone at the top" of the business.
• C)The control environment is designed to ensure that the business's goals are achieved.
• D)A company must identify its risks.

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Definitions:

Competitive Requirements

The essential conditions or capabilities that a company must meet or exceed to effectively compete in a given market.

Retail Layout

An approach that addresses flow, allocates space, and responds to customer behaviour.

High-Draw Items

Products that significantly attract customers, resulting in high sales volume.

Work Cells

An arrangement in manufacturing where machinery and staff are grouped together in a way that focuses on producing a single product or component.