Internal Controls Focus on All of the Following Except

question 18

Multiple Choice

Internal controls focus on all of the following except:

• A) effectiveness of operations.
• B) reliability of financial reporting.
• C) compliance with applicable laws and regulations.
• D) maximization of profit and cash flows.
• E) efficiency of operations.

---

Definitions:

Fractional Numbers

Numbers that represent a part of a whole, typically written with a numerator and a denominator, such as 1/2 or 3/4.

Utility Function

A representation in economics of how a consumer prefences various goods or services, leading to choices that maximize their satisfaction or utility.

Compensating Variation

A measure of the amount of money needed to compensate an individual for a change in welfare or utility, keeping utility constant.

Pairs

Two things that are designed to be used together or are similar in nature, often considered as a unit.