Which of the Following Statements Does NOT Describe a Problem

question 286

Multiple Choice

Which of the following statements does NOT describe a problem of balancing the budget over the business cycle?

• A) Lags in implementing policy make it difficult to achieve.
• B) Increasing taxes in boom years is politically difficult.
• C) Identifying the phases of the business cycle is not easy.
• D) Increasing taxes at the top of the cycle exacerbates inflation.

Identify the objectives of internal control systems.

Recognize the limitations and considerations of internal control systems.

Understand the role and impact of technology in enhancing internal control.

Distinguish between suitable and unsuitable practices in internal control.