Question

Question 2 1 pts Which of the following statements is false? Internal control includes the procedures and actions to: ensure that net income increases each year. O protect assets against theft and waste. O evaluate the performance of company personnel o ensure that company policies are being followed. D Question 3 1 pts Mechanical devices such as check protectors, cash registers, and time clocks, serve as: only symbolic warnings to potential white collar criminals. O ineffective control devices because they are overused. relatively inexpensive yet effective control devices expensive but reasonably effective control devices.

Answer 1

Question 2)

The correct answer is "ensure that net income increases each year"

Supporting explanations:

Internal Control is to ensure that assets do get stolen or wasted due to improper utilization, to evaluate the performance of each internal personnel and to ensure that the policies and procedures of the company are followed but the purpose of internal control does not involve in the net income increase. Therefore, the first statement does not include in the internal control.

Question 3)

The correct answer is "relatively expensive yet effective control devices"

Supporting explanations:

The devices stated are with high quality and expensive but also provides services which help the organization to maintain the records effectively especially cash records etc. Therefore, the mechanical devised provides effective internal controls.