Internal Control Does Not Consist of Policies and Procedures That

question 42

Multiple Choice

Internal control does not consist of policies and procedures that

• A) protect assets from misuse
• B) ensure employees and managers comply with laws and regulations
• C) guarantee the company will earn a profit
• D) ensure that business information is accurate

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Definitions:

Depressing Memories

Recollections from the past that evoke feelings of sadness, despair, or hopelessness.

High Risk

A situation or condition that poses a greater likelihood of negative outcomes or dangers.

Negative Schema Theory

A psychological theory that suggests individuals with a predisposition to view the world negatively are more susceptible to psychological disorders.