Which of the Following Is True of Internal Control

question 159

Multiple Choice

Which of the following is true of internal control?

• A)A company's outside auditor is responsible for the company's internal control system.
• B)One of the major purposes of internal control is to ensure that the assets are safeguarded.
• C)Internal control procedures tend to diminish the importance of operational efficiency.
• D)Internal controls are only necessary for public companies.

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Definitions:

High Blood Pressure

A condition characterized by the force of the blood against artery walls being too high, potentially leading to cardiovascular diseases.

Asthma

A chronic respiratory condition characterized by episodes of airway obstruction, wheezing, coughing, and shortness of breath, often triggered by allergens or exercise.

Western-style Diets

Dietary patterns characterized by high intakes of red and processed meats, sugary desserts, high-fat foods, and refined grains, often associated with health risks.

Saturated Fats

Fats containing a high proportion of fatty acid molecules without double bonds, considered less healthy in large amounts.