Managers Place a High Priority on Internal Control Systems Because

question 109

Multiple Choice

Managers place a high priority on internal control systems because the systems assist managers in all of the following except:

• A)Promoting efficient operations.
• B)Protecting assets.
• C)Urging adherence to company policies.
• D)Ensuring reliable accounting.
• E)Assuring that no loss will occur.

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Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by a country in a given year in constant prices.

Percentage Change

A mathematical calculation that shows how much something changes in value as a proportion of its initial value.

International Trade

The exchange of goods and services between countries, allowing for specialization and economies of scale.

Specialization

In economics, it refers to the process by which individuals, businesses, or countries focus on producing a narrow range of goods or services to gain greater efficiencies and improve competitive advantage.