Which of the Following Is TRUE of Internal Control

question 227

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:

Categorical Proposition

A statement that asserts or denies something about all members of a category, typically structured in standard forms (A, E, I, O).

Declarative English Sentences

Statements in English that express an assertion, question, or request, typically having a subject followed by a predicate.

Explicit Subjects

Subjects that are clearly and directly expressed or stated in a sentence or argument.

Copula

The part of a proposition that links the subject to the predicate, commonly found in the form of "is" or "are".