What Is Management's Primary Purpose of Effective Internal Control in an Organization

question 102

Multiple Choice

What is management's primary purpose of effective internal control in an organization?

• A)Obtaining high-quality data for making good business decisions.
• B)Completion of a successful audit for the entity.
• C)Shareholder involvement in the company's success.
• D)Obtaining profitability and financial strength.

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Definitions:

Acculturation

The process of adopting the cultural traits or social patterns of another group, especially by contact and exchange.

Assessment

The process of evaluating or analyzing something to determine its nature, quality, or significance.

Continuum

A continuous sequence in which adjacent elements are not perceptibly different from each other, although the extremes are quite distinct.

Mismatch Syndrome

The incongruence felt when there's a discrepancy between an individual's environment and their cultural or personal expectations.