The Objectives of Internal Control Do NOT Include

question 156

Multiple Choice

The objectives of internal control do NOT include:

• A)compliance with standards of social responsibility.
• B)safeguard assets.
• C)promoting operational efficiency.
• D)compliance with legal requirements.

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Definitions:

Fundamental Attribution Error

The tendency to overemphasize personal characteristics and ignore situational factors when judging others' behavior.

Self-Handicapping

A strategy whereby individuals create obstacles to their own success as a way to protect self-esteem in the face of failure.

Belief Perseverance

The tendency for people to hold onto their beliefs even when evidence shows those beliefs to be false.

Self-Serving Bias

The widespread inclination to credit personal achievements to one's own qualities while blaming setbacks on outside influences.