Which of the Following Is Not a Reason That a Business

question 7

Multiple Choice

Which of the following is not a reason that a business needs an effective internal control system?

• A)Ensure that work is completed efficiently and effectively.
• B)Produce reliable and timely accounting information for use by people external to the organization.
• C)Protect assets by reducing the risk of fraud.
• D)Identify ways to circumvent applicable laws and regulations.

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Definitions:

Quantitative Technique

A research or analysis method that focuses on obtaining and processing numerical data for statistical, mathematical, or computational analysis.

Aided Recall

A research technique where respondents are helped to remember specific information or advertisements through hints or prompts.

Cannibalization

A decrease in the sales figures, income, or percentage of market controlled by an existing product due to the launch of a new product by the same manufacturer.

New Products

Items that have been recently introduced to the market, offering new characteristics or intended uses.