A Company's Internal Control System

question 55

Multiple Choice

A company's internal control system:

• A) Eliminates the need for audits.
• B) Eliminates the need for managers' certification of controls.
• C) Monitors company and employee performance.
• D) Eliminates the company's risk of loss.
• E) Eliminates human error.

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Definitions:

Automobile Industry

A sector of the economy focused on the manufacturing, designing, and selling of motor vehicles.