Ray Has Worked in the Mailroom at MNG Corporation for Five

question 21

Multiple Choice

Ray has worked in the mailroom at MNG Corporation for five years, and is widely respected throughout the organization.Jon, the chief financial officer, started working at MNG six months ago after holding a similar position with one of MNG's competitors.Which of the following statements is most true?

• A)Both Ray and Jon can help establish a strong control environment, but only Jon can effectively identify risks and suggest control activities.
• B)Both Ray and Jon can effectively identify risks and suggest control activities, but only Ray can help establish a strong control environment.
• C)Neither Ray nor Jon should participate in the development of an internal control plan.
• D)Both Ray and Jon can influence most aspects of an internal control plan for MNG.

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Definitions:

Installations

Fixed assets or equipment necessary for an organization or business to operate, sometimes referring to large machinery or technical setups.

Steel Ingots

Large blocks of steel that have been forged or cast and are used as raw material for further processing and shaping into various steel products.

Sheet Metal

Thin, flat pieces of metal formed into sheets that are used in various applications including manufacturing and construction.

Supplies

Materials, tools, or other items required for the production of goods or the provision of services.