Which of the Following Is NOT an Objective of Management

question 32

Multiple Choice

Which of the following is NOT an objective of management in designing internal control systems?

• A) Compliance with applicable laws and regulations
• B) Efficient and effective use of resources
• C) Reliable financial reporting
• D) Reducing control risk

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Definitions:

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing and able to buy at various prices.

Unity

A state or condition of being one; in economics, it might refer to a unity of purpose or action among individuals or entities.

Nondiscriminating

A term used in various contexts to describe actions or policies that apply uniformly to all members of a group without exceptions based on any specific characteristics.

Pure Monopolist's Demand Curve

Represents the market demand curve since the monopolist is the sole provider of the product or service, hence facing the market demand directly.