Internal Controls Are Concerned With

question 4

Multiple Choice

Internal controls are concerned with:

• A)only manual systems of accounting.
• B)the extent of government regulations.
• C)protecting against theft of assets and enhancing the reliability of accounting information.
• D)preparing income tax returns.

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Definitions:

Interpersonal Treatment

The manner in which individuals interact with and regard one another within personal and professional relationships.

Benefits and Costs

The positive outcomes and the negative impacts, respectively, associated with a decision or action.

Interests and Values

Personal preferences and principles that guide an individual's decisions and behavior.

Decision Consequence

The outcome or result that follows from a decision.