Which of the Following Is a Responsibility of the Directors

question 11

Multiple Choice

Which of the following is a responsibility of the directors of a public company?

• A)to maintain an internal control system within the company.
• B)to ensure financial statements are prepared showing a true and fair view of an organisation's financial situation.
• C)to organise for financial reports to be audited.
• D)All of the above.

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Definitions:

Generate-and-test

A problem-solving strategy that involves generating potential solutions and testing their effectiveness.

Heuristic

is a simple, efficient rule or method used to make decisions or solve problems, based on practical judgement rather than comprehensive logical analysis.

Critical Thinking

The disciplined process of actively and skilfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach an answer or conclusion.

Deliberative Thinking

The process of carefully considering and rationalizing thoughts and options before making a decision or forming a judgment.