The Objectives of Internal Control Are to Ensure Efficient Operations

question 21

Multiple Choice

The objectives of internal control are to ensure efficient operations and provide reasonable assurance of all of the following EXCEPT

• A) business information is accurate.
• B) assets are safeguarded and used for business purposes.
• C) employees and managers comply with laws and regulations.
• D) profits are maximized while minimizing spending.

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Definitions:

Modes of Interacting

The varied ways in which individuals engage, communicate, and connect with each other in society.

Communicates

The act of conveying information or expressing thoughts and feelings through speech, writing, or other mediums.

Ideas

Conceptual thoughts or plans originated in the mind as a result of mental understanding, awareness, or activity.

Opinions

Personal views or judgments not necessarily based on facts or knowledge, reflecting individual thoughts or beliefs.