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:

Feeling Types

Individuals who prioritize emotions and personal values in decision-making, often contrasted with thinking types who focus on logic and objectivity.

Myers-Briggs Typology

A personality framework that categorizes individuals into 16 distinct personality types based on four dichotomies, aiming to explain differences in human behavior.

Extraversion-Introversion Dichotomy

The extraversion-introversion dichotomy is a concept in psychology that classifies individuals on a spectrum based on their preference towards external stimulation or inward reflection.

Unique Features

Distinctive attributes or characteristics that set someone or something apart from others, often highlighted to demonstrate uniqueness or superiority.