Match the Term with the Statement That Best Defines It

question 91

Multiple Choice

Match the term with the statement that best defines it.
-Procedures concerned with safeguarding the assets or the reliability of financial statements.

• A)Accounting controls
• B)Accounting system
• C)Administrative controls
• D)Audit committee
• E)Board of directors

---

Definitions:

Small Business Owner

An individual who owns and operates a business with a small number of employees and relatively lower volume of sales.

Not-for-profit Corporations

Organizations that operate for purposes other than making a profit for its owners or shareholders, often focusing on charitable, educational, or social objectives.

Stock Certificates

Physical documents that represent ownership in a company through shares of its stock.

Income Taxes

Taxes levied by governments on the income generated by individuals or entities, which can vary based on the income amount and the taxpayer's characteristics.