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.

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Definitions:

Structural Job Resources

The physical, informational, and social assets available to employees that help them achieve work goals and reduce job demands.

Job Characteristics

Attributes or aspects of a job that can influence an employee's work motivation, satisfaction, and performance.

Challenging Assignments

Tasks or projects that require significant effort, skill, and creativity, often used for development and learning.

Broaden Skills

The process of expanding one's abilities and competencies to be capable of performing a wider range of tasks or roles.