Which of the Following Is an Attribute of the Internal

question 207

Multiple Choice

Which of the following is an attribute of the internal control component-monitoring of controls?

• A) Internal auditors monitor company controls to safeguard assets, and external auditors evaluate the controls to ensure that the accounting records are accurate.
• B) Monitoring of controls is the "tone at the top" of the business.
• C) Monitoring of controls is designed to ensure that the business's goals are achieved.
• D) Monitoring of controls deals with identification and assessment of business risks.

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Definitions:

Brand Recognition

Brand recognition is the extent to which consumers can correctly identify a brand through its visual indicators like logos, colors, packaging, or advertising, without the brand name being mentioned.

Viral Marketing

Marketing techniques that use social networks to produce increases in brand awareness or sales through self-replicating viral processes.

Economies of Scope

Cost advantages that a business experiences when it increases the variety of products or services it offers.

Customer Value Chain

A series of steps a company takes to deliver a product or service to the customer, focusing on adding value at each stage to meet customer needs.