An Organization's System of Internal Control Is Designed Primarily To

question 24

Multiple Choice

An organization's system of internal control is designed primarily to:

• A)ensure that no employees steal the organization's property.
• B)increase efficiency by letting one employee handle all aspects of a transaction from beginning to end.
• C)ensure that the organization's balance sheet will always balance.
• D)provide an operating framework for all employees as they work to achieve the organization's goals.

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Definitions:

Defining a Problem

The process of identifying and understanding the specifics and boundaries of an issue that needs to be addressed.

Programmed Decision

refers to decisions made using a standard procedure or rule, often applied to routine and repetitive problems.

Structured Problem

A problem that is clearly defined, with known variables and possible solutions, making it easier to analyze and solve.

Crisis Management

How an organization manages an unexpected and chaotic situation that could potentially damage the organization or its stakeholders.