Which of the Following Statements Concerning Internal Controls Is True

question 44

Multiple Choice

Which of the following statements concerning internal controls is true?

• A)Internal administrative controls are designed to limit the amount of funds spent on investments.
• B)Strong internal controls provide reasonable assurance that the objectives of a company will be accomplished.
• C)Internal accounting controls are limited to the policies and procedures used to protect the company from embezzlement.
• D)The control procedure,segregation of duties,prohibits the employment of a husband and wife or other closely related parties within the same company.

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Definitions:

Sexual Orientation

An enduring pattern of romantic or sexual attraction (or a combination of these) to persons of the opposite sex or gender, the same sex or gender, or both, or more than one gender.

Overdiagnosed

Refers to the occurrence when a condition or disease is diagnosed more frequently than it actually exists, possibly leading to unnecessary treatment.

Unipolar Disorder

A mental disorder characterized by persistent depressive episodes, without the manic or hypomanic episodes characteristic of bipolar disorder.

Bipolar Disorder

A mental disorder marked by extreme mood swings from mania to depression.