Before Any Internal Control Procedure Is Initiated,which of the Following

question 14

Multiple Choice

Before any internal control procedure is initiated,which of the following questions must be primarily addressed by a company?

• A) Will this put an end to theft?
• B) Is this the best security money can buy?
• C) How much benefit will be derived from the cost of the procedure?
• D) Will this prevent accounting errors?

---

Definitions:

Natural Resources

Materials or substances occurring in nature that can be used for economic gain, such as minerals, forests, water, and fertile land.

Timber

Timber that has been transformed into beams and planks, representing a phase in the manufacturing of wood.

Metal Ores

Minerals found in nature from which metals can be efficiently mined.

Minerals

Naturally occurring, inorganic substances with a definite chemical composition and crystalline structure.