Which Is NOT an Objective of an Internal Control System

question 160

Multiple Choice

Which is NOT an objective of an internal control system?

• A)safeguarding of assets
• B)compliance with company policies
• C)compliance with legal requirements
• D)risk assessment

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Definitions:

Dollar Sales

The total monetary value of sales achieved by a company over a specific period of time, reflecting both volume and price.

Target Profit

Target profit is the amount of net income a business aims to generate, calculated as projected sales minus estimated costs and expenses.

Selling Price

The amount of money charged for a product or service offered to customers.

Advertising Budget

The amount of money allocated by a business for activities related to the promotion and advertising of its products or services.