One of the Objectives of Internal Control Is To

question 21

Multiple Choice

One of the objectives of internal control is to:

• A) control the internal organization of the accounting department personnel and equipment.
• B) provide reasonable assurance that assets are safeguarded.
• C) prevent fraud and promote the social interest of the company.
• D) provide control over "internal-use only" reports and employee internal conduct.

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Definitions:

Peak Experience

a term in psychology that denotes a profound, deeply moving, often euphoric state in which an individual feels a sense of harmony and overwhelming joy.

Ego

A part of the psyche that mediates between the conscious, the unconscious, and the external world, according to psychoanalytic theory.

Self-actualization

A process of achieving individual potential in a comprehensive and holistic manner, emphasizing personal growth and fulfillment.

Jonah Complex

the fear of realizing one's full potential or succeeding to levels imagined to be impossible, often leading to self-sabotage.