Which of the Following Is NOT a Design Feature of Effective

question 53

Multiple Choice

Which of the following is NOT a design feature of effective internal controls?

• A)Allow greater reliance by investors on reported financial statements.
• B)Prevent fraudulent or errant financial reporting.
• C)Ensure the company's price advantage over competitors.
• D)Prevent misuse of company funds by employees.

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Definitions:

Formal Personality Assessments

Structured and systematic psychological tests used to evaluate an individual's personality traits and characteristics in a formal setting, often for diagnostic or selection purposes.

Self-Concept

An individual's perception of themselves, including beliefs about one's abilities, appearance, and personality.

16PF

A personality test that measures sixteen primary personality traits, used in psychological assessments.

NEO Inventories

Instruments that provide a comprehensive and concise measure of adult and adolescent personality based on the five major dimensions, or domains, of personality known as the Five Factor Model. Current versions of the NEO inventories are NEO Personality Inventory-3 (NEO-PI-3), Revised NEO Personality Inventory (NEO PI-R), and NEO Five-Factor Inventory-3 (NEO-FFI-3).