Internal Control Is a Comprehensive System That Helps an Organization

question 58

Multiple Choice

Internal control is a comprehensive system that helps an organization do all of the following EXCEPT:

• A)safeguard assets.
• B)safeguard liabilities.
• C)operate efficiently and effectively.
• D)ensure compliance with applicable laws and regulations.

---

Definitions:

Client-Visits

Refers to the occasions on which a service provider or salesperson visits clients at their location to build relationships, offer support, or close sales.

Planning Budget

A budget designed for a particular level of activity, often used for planning and forecasting purposes.

Direct Labor

Factory labor costs that can be easily traced to individual units of product. Also called touch labor.

Units

A measure of quantity in accounting, production, or inventory management, often used to quantify the amount of output or sales.