6.1-*PLEASE ANSWER ALL 5 QUESTIONS*

5 multiple choice questions.

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Requiring segregation of duties in a business eliminates the need for the work of one employee to serve as a check on the work of other employees. True or False Which of the following is not a common feature of an internal control system? Multiple Choice Segregating duties Performance evaluation Bonding employees Implementing the most effective marketing plan Segregation of duties in an organization should be required to reduce the likelihood of theft. True or False Chester Company has established internal control policies and procedures in order to achieve the following objectives 1) Effective evaluation of management performance. 2) Assure that the accounting records contain reliable information. 3) Safeguard the company's assets. 4) Assure that employees comply with company policy. Which of these objectives are achieved by accounting controls? Multiple Choice Objectives 1 and 2 Objectives 2 and 3 Objectives 3 and 4 All four objectives Which of the following statements concerning internal controls is true? Multiple Choice Internal administrative controls are designed to limit the amount of funds spent on investments. Strong internal controls provide reasonable assurance that the objectives of a company will be accomplished. Internal accounting controls are limited to the policies and procedures used to protect the company from embezzlement. The control procedure, segregation of duties, prohibits the employment of a husband and wife or other closely related parties within the same company