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Which of the following is NOT true about project management?
Cash Payments
Transactions in which payment is made in the form of cash instead of credit.
Internal Control Objectives
Aims to ensure the accuracy and reliability of financial reports, compliance with laws and regulations, and the effectiveness and efficiency of operations.
Financial Reports
Documents that present an organization's financial performance and position, typically including balance sheets, income statements, and cash flow statements.
Compliance
Refers to the act of following and adhering to rules, regulations, standards, or laws.
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