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Which of the following statements is false?
Internal Control System
Processes and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
Reliable Accounting
An accounting approach that emphasizes accuracy, verifiability, and impartiality in financial reporting.
Guarantee
A formal assurance, typically provided by the seller, that certain conditions, such as product quality or performance, will be met.
Efficient Operations
Activities and processes designed to achieve maximum productivity and minimize waste, enhancing the overall effectiveness of a business or organization.
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