QUESTION 3

1. Monitoring internal control systems is the primary responsibility of the:

   		Internal auditors
   		External auditors
   		Board of Directors
   		Senior management

QUESTION 4

1. Which of the following elements of an organization requires people to be accountable to superiors?

   		Common goal or purpose
   		Hierarchy of authority
   		Coordination of effort
   		Division of labor

QUESTION 5

1. The flows of raw materials, components, finished goods, services, or information through intermediaries to ultimate consumers occur across the functions in an organizations or separate organizations:

   		Integrated chain
   		End-to-end product chain
   		Supply chain
   		Full-function chain