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interoceptors
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What is the physiological process that monitors and maintains a balanced and stable internal environment?
homeostasis
In a homeostatic control mechanism which component monitors the environment?
integrator
Characteristics of a good internal control system?
good environment control
What is the main center for homeostatic control of the internal environment is the?
The Hypothalamus
Control of hormone secretions is essential to maintain?
The internal environment
What is the first interrelated component of internal control?
The control environment that sets the tone of an organization.
What are the features of internal control?
Control environment, risk assessment, control activities (procedures), communication, and monitoring
What is internal environment on an organization?
an internal environment of an organisation is the environment the organisation has control over, it simply means the environment within the organisation. In business management the internal environment of the organisation consists of its internal resource and capabilities. So what resources does the organisation have to turn inputs into outputs and does it have the skills and knowledge necessary to do so?
What are the features of internal control system?
Control environment, risk assessment, control activities (procedures), communication, and monitoring
How can organizations respond to change in their internal and external environment and still maintain organisational stability?
Organizations can respond to change by fostering a culture of adaptability and resilience in their workforce, promoting open communication and a willingness to embrace innovation. By staying informed about industry trends and engaging in strategic planning, organizations can proactively adjust their operations to align with changing circumstances while maintaining stability through consistent values and goals. Additionally, investing in employee training and development can help ensure that the organization has the skills and capabilities needed to navigate change effectively.
What are elements of internal control?
An organization establishes a system of internal control to help it manage many of the risks it faces, such risks are classified as follows:- * Inherent Risk * Control Risk * Detection Risk Establishing an internal control is the responsibility of the management, the elements (components) of internal control framework are the following:- * Control environment * Risk Assessment * Control Activities * Information & Communication * Monitoring
Failures in internal controls highlight?
failures by senior leaders in setting a proper control environment.
