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:

Flexibility Of The Self

The ability of an individual to adapt or modify their identity, behavior, and beliefs in response to changing situations or environments.

Brym And Lie

Authors known for their contributions to sociology, particularly in creating accessible textbooks and materials that explain sociological concepts and theories.

Overestimate

To assess something as greater or more significant than it actually is.

Hidden Curriculum

The unofficial and unintended lessons, values, and perspectives that students learn in school beyond the formal curriculum.