Regarding the Cost-Benefit Concept,which of the Following Statements Is True

question 57

Multiple Choice

Regarding the cost-benefit concept,which of the following statements is true?

• A)Every control procedure that offers benefits to a company should be implemented into the company's system
• B)An optimal internal control package is developed for a company's system by implementing a standardized package of control procedures
• C)A control procedure is considered cost effective if it can be determined that the cost of operating the procedure will be lower in the current period than in the previous period
• D)A control procedure is considered cost effective when its anticipated benefits exceed its anticipated costs

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Definitions:

Sublimation

Sublimation is a defense mechanism in psychology where socially unacceptable impulses or idealizations are transformed into socially acceptable actions or behavior.

Defense Mechanism

Psychological strategies brought into play by individuals, groups, or even nations to cope with reality and to maintain self-image.

Sexual Awareness

Consciousness or recognition of one's own sexual identity, preferences, and health.

Internal Locus

The belief that individuals have control over their life events and outcomes, as opposed to external forces.