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:

Autonomic Nervous System

The part of the nervous system that controls involuntary actions of the muscles and glands, comprising the sympathetic and parasympathetic nervous systems.

Skeletal Muscle

A type of striated muscle, attached to the skeleton, that is under voluntary control and is responsible for movement of the bones and the body.

Protein Synthesis

Protein synthesis is the process by which cells build proteins, involving transcription of DNA to mRNA and translation of mRNA to amino acids chains.

Neurons

The basic working units of the brain, specialized cells that transmit nerve impulses.