An Internal Control System Consists of the Policies and Procedures

question 145

Multiple Choice

An internal control system consists of the policies and procedures used to accomplish all of the following except:

• A)Protect assets.
• B)Ensure reliable accounting.
• C)Guarantee a return to investors.
• D)Urge adherence to company policies.
• E)Promote efficient operations.

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Definitions:

Activating Event

An incident in the external environment or a thought that triggers a psychological response.

General Adaptation Syndrome (GAS)

General Adaptation Syndrome (GAS) is a theoretical model describing the body's short-term and long-term reactions to stress, including stages of alarm, resistance, and exhaustion.

Resistance Stage

The second phase of the General Adaptation Syndrome, where the body mobilizes its defenses to adapt to stressors.

Daily Hassles

Regular minor irritations or annoyances that people encounter in their everyday lives, which can accumulate and impact mental health.