Which One of the Following Statements Regarding Internal Control Is

question 120

Multiple Choice

Which one of the following statements regarding internal control is false?

• A)It is not possible to design a system of internal controls that is foolproof.
• B)A well-designed system of internal controls should be the goal of every organization whether for profit or not-for-profit.
• C)Separation of duties is the easiest control activity to implement in small companies.
• D)It is easiest to implement effective internal controls in large companies which are able to devote substantial resources to those systems.

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Definitions:

Participant

An individual who takes part in a study or experiment, providing data for researchers to analyze.

Equal Chance

The principle that each participant or subject in a study has an equal probability of being chosen for any given condition or treatment.

Confounding Variable

is an external factor in a research study that may affect the outcome of the experiment, leading to inaccurate conclusions if not controlled.

Intelligence

The ability to acquire, understand, and use knowledge, as well as to engage in abstract thinking and problem-solving.