Internal Control Objectives Are Designed to Assist the Organization in Assuring

question 28

Multiple Choice

Internal control objectives are designed to assist the organization in assuring which of the following:

• A)the organization has effective and efficient operations related to its overall strategy
• B)the activities of the organization are in compliance with applicable laws and regulations
• C)the assets of the organization are safeguarded from theft and fraud
• D)all of the above.

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Definitions:

Osmosis

The movement of water molecules through a semipermeable membrane from a region of lower solute concentration to a region of higher solute concentration.

Concentration Gradient

A difference in the concentration of a substance from one point to another, as for example, across a cell membrane.

Plasmolysis

The process in which cells lose water in a hypertonic solution, resulting in the shrinkage of the cell membrane away from the cell wall.

Hypertonic

A solution that has a higher concentration of solutes compared to another solution, leading to potential osmotic movement of water out of a cell.