Effective Internal Control Requires an Organization to Establish an Appropriate

question 47

True/False

Effective internal control requires an organization to establish an appropriate structure and clearly defined lines of responsibility and authority where everyone in the organization has equal responsibility for the effective operation of internal control.

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Definitions:

Nervous

Pertaining to the nerves or experiencing feelings of anxiety or apprehension.

Prefix

A morpheme added to the beginning of a word to modify its meaning, often used in linguistics and the formation of new words.

Suffix

A letter or group of letters added at the end of a word to modify its meaning or change it into a different word class.

Semipermeable Membrane

A layer that allows certain molecules or ions to pass through it by diffusion but blocks others, commonly used in osmosis processes.