Which of the Following Is Measured by Adding Up How

question 2

Multiple Choice

Which of the following is measured by adding up how much the United States produces in goods and services in a year?

• A) Gross domestic product.
• B) The cost of goods sold.
• C) Financial literacy.
• D) Financial risk tolerance.

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Definitions:

Internal Auditors

Professionals who conduct audits within an organization to review and evaluate the adequacy of internal controls and compliance with policies and regulations.

Evaluate

To Evaluate means to systematically assess something by considering its merits, qualities, or values, usually in a detailed and analytical manner.

Internal Controls

Steps and guidelines set by a business to secure the trustworthiness of its financial and accounting information, promote ethical accountability, and inhibit fraud.

Establishment of Responsibility

An accounting control principle that ensures tasks are assigned to individuals in a way that accountability can be determined.