Which of the Following Is True of Internal Control

question 64

Multiple Choice

Which of the following is true of internal control?

• A)A company's outside auditor is responsible for the company's internal control system.
• B)One of the major purposes of internal control is to ensure that the assets are safeguarded.
• C)Internal control procedures tend to diminish the importance of operational efficiency.
• D)Internal controls are mainly used to ensure timely payment of liabilities.

---

Definitions:

Attachment Style

Describes patterns of attachment in interpersonal relationships, reflecting the dynamics of long-term psychological bonding.

Working Models

Internal representations of our interactions and relationships that guide our expectations and behaviors in social contexts.

Parasocial Relationships

One-sided relationships where an individual feels emotionally connected to a figure who is unaware of their existence, common in celebrity and media consumption.

Primary Caregivers

Individuals primarily responsible for the direct care and upbringing of children, typically parents or guardians.