Before Any Internal Control Procedure Is Initiated,which of the Following

question 14

Multiple Choice

Before any internal control procedure is initiated,which of the following questions must be primarily addressed by a company?

• A) Will this put an end to theft?
• B) Is this the best security money can buy?
• C) How much benefit will be derived from the cost of the procedure?
• D) Will this prevent accounting errors?

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Definitions:

Big Brain

This term colloquially refers to having high intelligence or great cognitive abilities, although it's not a formal psychological or neurological term.

Upper-Class White

A socio-demographic term referring to individuals who belong to the highest socioeconomic class within a given society and who are of Caucasian ethnicity.

Reaction Range

The concept that genetic potential limits the extent to which an environment can influence the expression of a trait, with individuals varying in their response to the same environment.

Middle-Class Minority

A demographic group within the middle class that is part of a racial, ethnic, or cultural minority.