internal-control-is-said-to-be-the-backbone-of-all-businesses-which-of-the-following-is-the-best-des

Question

Internal control is said to be the backbone of all businesses. Which of the following is the best description of internal controls?
A. Internal controls ensure that the financial statements published are correct.
B. The only role of internal controls is to protect customer data.
C. Internal controls and company policies are important to protect and safeguard assets and to protect all company data and are designed to protect the company from fraud.
D. Internal controls are designed to keep employees from committing fraud against the company.

Jamie Smith · Accepted Answer

So when we&#x27;re looking at the advantages and disadvantages of internal or external skeletons with organisms, we can first look at the words and look for hints within the words so internal. You should think of having the prefix of like in inside. And so that means that the skeletons on the inside, whereas external skeletons are on the outside, has the prefix X and thing about exit like you&#x27;re moving outside of the organism or the room or whatever. So thinking about how organisms grow if we are going to use examples. Humans have an internal skeleton, whereas most insects have an external skeleton and thinking about the external skeleton being nice and hard, kind of like a knights armor and when their insides grow if their insides grow, basically they burst off the excess skeleton, um, of the organism, and so that ah typically takes energy and you know, is not an advantage. Um, and that&#x27;s why they often shed their skeleton before that occurs where, as an organism with an internal skeleton like humans, these skeleton can grow with the body. And, uh, it all kind of grows together and saves a lot of energy and really is an evolutionary adaptation

Puneet Prajapati · Answer

book. It&#x27;s OVI are going to understand the concept of stock market today. Ordered by that. Do you understand? They regulate Lee expects off the same. Okay. Yeah, the first to the market in vintage by us foreign sailors by busy big by. Okay, sell the secure peace. A deep, best possible place. Okay, Gessel, in a general sense, everyone is familiar with the stock market, which is basically a main platform. Who pays fires. Okay. For many types of business ventures, that supposed date is there is a person who is William, who is willing to start his business. But this now short of place. So they issued Eagle. You should put the stock market who raised difference by showing different types off financial instruments. But who gets the stock market? There are only shares which can be issued by the company. Who is who is having short of funds. Okay. No. What is the stock market? It refers to the market. Okay. In which buyers and sellers by physically who by and sell the securities? What type of securities unleash years in stock market? There are delicious and the best possible place. Okay. Know what happens? There is a authority. Also, there are many specks. Little to stock market. Let&#x27;s see, there are insider treaty. What is it? Insider duty? See, uh, there are many big companies that are listed on stock exchanges. Okay, so what happens? Vendor Vendor Rizzo Inherent excess off employees walking in Those corporations who are listed on the stock exchanges manipulate the stock prices on the stock market because of having inherent access to public sensitive information. Okay, that information, which is not required to be disclosed to the public. So there comes insider trading so inside that is used for employee employer off the company whose shares understood on the stock exchange. OK, so an employee who is having access to such sensitive information would likely to be, you know, manipulate the prices on the stock exchange and data they come. Also, buyer and seller protection perfection. There are a lot off intimate trees in mourning. The stock market process, like portfolio manager and mutual fund distributors stalled, broke. Okay, so there are many types of intimately involved in the stock market. Now what happens? Buyers and sellers dealing with such time of intermediaries will not be fooled. Okay, so that is Why the responsible authority? Okay, prepared rules regarding that on So, Captain, there are also revelations. Let it took capital raising. I&#x27;m treating. Okay, So if you have family with the stock market, you will be knowing that they&#x27;re not different. Timings off opening and closing off the market like me have general linings off market and of it, you know, walls. So they are similar timings available in the stock market. Okay. And there are many dives off trading regulations developed by the competent authority. Okay, so we have understood this down, this one and this one all in one. Okay. Relation to with respect, relation to stop. However, the rules regarding these three will only be they&#x27;ve learned by one authority that we know as Securities and Exchange Commission. Okay, because it is the authority which has been designated by government, who would take such decisions and frame the use According Okay, So we have derived. Never solution. OK? And that this and that matches shore. Leave it. Joyce. Be okay. So you can write down sheet crunchy on your books for future difference, however, are incorrect choices. Joy, speed. That&#x27;s all forever. Solution. Thank you.

Puneet Prajapati · Answer

so we will understand the meaning law. Well, we can see the concept off Dimension reporting Antarctica. Okay, so it is the authority which issues financial accounting standards or give within which every entity, every business, entity, every form, every corporation has to function. Okay, these war gets die lives. Okay, so standards, I would guess, guidelines for every form. So that so what is so that investors deception off and these financial were beaten. Okay, so we have concluded out so that that this entity issues those standards which workers guidelines for every form so that it could try to improve the perception about and this financial position for for investors. Okay. Because in Leicester, sever final and complete state in every entity. Because a lesson until investors will invest their investment amount. Okay, so the business could not be commenced. So therefore, such a voter d book the work with the prime objective off strengthening their perception about entreaties. Farage imposition. Okay, so that matches with choice. Okay, choice here. See, it means the correct choices. Choice E which says that statement statement in a option and see option. Both are correct. So Choice E is the correct answer, however, you can try Poor time Britain so far for reference. So the correct solution we ever identified as Choice E. That&#x27;s all.

Jacob Stein · Answer

So when talking about self regulation and psychology, we&#x27;re talking about the ability to kind of put aside or manage certain emotions and impulses that someone might have so specifically when looking at the the ability to put aside these emotions and impulses. We are looking at the concept of willpower now. A lot of people, maybe not a lot, But some people confuse willpower with self efficacy. There&#x27;s a big there&#x27;s a pretty significant difference difference. It is important to understand the difference. So when talking about willpower, we&#x27;re talking mawr along the lines of being able to. Some would be determined towards reaching a particular goal. So let&#x27;s do will. All right, here we have will power. Like I said, this is kind of idea our concept of being able to reach, be determined to finish or reach a particular goal. Self efficacy, on the other hand, so so I think it&#x27;s important to just draw these out. I won&#x27;t write the whole definitions, but while I&#x27;m speaking, I think it&#x27;s important toe. See the words so you can. Your brain can kind of to match two and two together so self if a efficacy so oh, double underline this. The difference between self efficacy and willpower. Sub efficacy is a belief that you are able to accomplish set goals. It&#x27;s a belief in your own competence that you&#x27;re going to finish these goals. It&#x27;s everything will of knowing that you can finish these goals not necessarily being determined, like in willpower. But you know you&#x27;re confident in your abilities. You know that you can achieve this goal. So again, a quick recap. Willpower is being determined to reach a single self. Efficacy is not being confident and knowing that you&#x27;re competent enough to finish any goal, it&#x27;s in your way.

Aadit Sharma · Answer

there are certain advantages off internal fertilization. The 1st 1 is spoon fertilizing the egg within the female body. Second, protection off embryo from external harsh environment. The 3rd 1 is meetings to a specific me. According to this, the correct answer is option C.

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Mitchell Franklin, Patty Graybeal, Dixon Cooper

Principles of Accounting Volume 1: Financial Accounting

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Principles of Accounting Volume 1: Financial Accounting

Mitchell Franklin, Patty Graybeal, Dixon CooperPrinciples of Accounting Volume 1: Financial Accounting

Mitchell Franklin, Patty Graybeal, Dixon Cooper

Principles of Accounting Volume 1: Financial Accounting