Which of the Following Is NOT an Objective of Management

question 35

Multiple Choice

Which of the following is NOT an objective of management in designing internal control systems?

• A) reducing control risk
• B) compliance with applicable laws and regulations
• C) efficient and effective use of resources
• D) reliable financial reporting

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Definitions:

Commission Charges

Fees paid to brokers or agents for their service in facilitating transactions, such as buying or selling securities.

Total Cost

The complete expense incurred in the production or acquisition of goods or services, including all related costs.

Net Change Column

A column often found in financial reporting that displays the difference between the current period's balance and the previous period's balance.

Daily Stock Report

A document or publication that provides updates, statistics, and analyses on the stock market's performance, typically published every business day.