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

question 38

Multiple Choice

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

• A)Safeguard company assets.
• B)Enhance the accuracy and reliability of accounting records.
• C)Fairness of the financial statements.
• D)Reduce the risks of errors.

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Definitions:

Government Purchases

Spending for goods and services by all levels of government; government outlays minus transfer payments.

Net Exports

The value of a country’s exports minus the value of its imports.

Transfer Payments

Payments made by the government to individuals or organizations without the receiver providing any goods or services in exchange.

GDP Calculation

The process of determining the Gross Domestic Product of a country, which can include adding up all income earned in the economy or all expenditures made.