Internal Control Is a Plan of Organization and System of Procedures

question 64

Multiple Choice

Internal control is a plan of organization and system of procedures implemented by company ________ and the ________ designed to accomplish five objectives.

• A)internal auditors,employees
• B)external auditors,management
• C)management,board of directors
• D)employees,board of directors

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Definitions:

Global Inequality

The unequal distribution of resources, opportunities, and wealth among and within countries, contributing to disparities in health, education, and living standards.

Regional-Level Inequality

Economic, social, and cultural disparities that exist between different geographical regions within a country or area, often leading to unequal opportunities and living conditions.

Average Income

The typical amount of money earned by an individual or household in a specific time period, often calculated as a mean.

Global Advertising

The practice of marketing and advertising products or services on a global scale, taking into consideration cultural and regional differences.