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:

Deterrence

A theory or strategy aimed at preventing unwanted actions by instilling fear of the consequences.

Acceptable Behavior

Actions or conduct that are deemed appropriate, ethical, and conform to societal or specified standards.

Unacceptable Behavior

Actions or conduct deemed inappropriate or offensive according to societal norms or specific regulations.

Battery

An intentional unconsented physical act that results in harmful or offensive contact with another person's body.