Internal Control Includes ________

question 36

Multiple Choice

Internal control includes ________.

• A)control activities and inherent risks
• B)information systems and external influences
• C)the control environment and risk assessment processes
• D)financial reporting and control activities

---

Definitions:

Activity-based Costing

A costing methodology that assigns overhead and indirect costs to specific activities related to the production of goods or services.

Order Size

The quantity of goods a customer purchases in a single order, which can impact production planning and inventory management.

Activity-based Costing

An accounting method that assigns costs to products or services based on the activities that go into producing them, providing more accurate cost information.

Customer Support

Assistance provided by a company to its customers with the products or services it sells.