A Properly Designed Internal Control System

question 26

Multiple Choice

A properly designed internal control system:

• A) Lowers the company's risk of loss.
• B) Insures profitable operations.
• C) Eliminates the need for an audit.
• D) Requires the use of non-computerized systems.
• E) Is not necessary if the company uses a computerized system.

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Definitions:

Lewis Dot Structure

A diagram that represents the valence electrons of atoms within a molecule, showing the bonding between atoms as well as lone pairs of electrons.

He

Helium, a colorless, odorless, tasteless, non-toxic, inert, monatomic gas that heads the noble gas series in the periodic table.

Lewis Dot Structure

A graphical representation of the valence electrons of atoms, indicating how the electrons are shared or paired between atoms in a molecule.

Ca

Calcium, a chemical element with the symbol Ca and atomic number 20, an alkaline earth metal essential for living organisms, particularly in cell physiology.