Which of the Following Is NOT a Characteristic of Effective

question 44

Multiple Choice

Which of the following is NOT a characteristic of effective control systems?

• A) Controls need to be accurate and concise.
• B) Controls should be timely for a supervisor to take effective corrective action.
• C) Controls must focus on only an organization's abilities to achieve objectives.
• D) Controls should be accepted by those they affect.

---

Definitions:

Economy Booms

A period of rapid economic growth and expansion characterized by high employment, increasing consumer confidence, and elevated business production.

Expected Rate

The anticipated return on an investment, often used to estimate the future value of investments or to guide investment decisions.

Beta

An indicator of how much a stock's price fluctuates compared to the general market, representing its relative risk.

Risk-Free Rate

The expected yield on an investment that is considered completely risk-free, often linked to government securities.