Which One of the Following Is Not an Objective of a System

question 154

Multiple Choice

Which one of the following is not an objective of a system of internal controls?

• A) Safeguard company assets
• B) Overstate liabilities in order to be conservative
• C) Enhance the accuracy and reliability of accounting records
• D) Reduce the risks of errors

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Definitions:

Privatized

The process of transferring ownership or control of a public service, enterprise, or property from the government to private individuals or organizations.

Globalized

Globalized refers to the process by which businesses, technologies, cultures, or ideas spread worldwide, leading to increased interconnectedness and interdependence among nations and peoples.

Overpopulation

Refers to a situation where the number of people outstrips the resources available to sustain them adequately.

Capitalism

An economic system characterized by private or corporate ownership of capital goods, investments determined by private decisions, and prices, production, and the distribution of goods determined mainly by competition in a free market.