A Primary Purpose of Internal Controls Is To

question 52

Multiple Choice

A primary purpose of internal controls is to:

• A)form a basis for evaluating employees.
• B)monitor production quality.
• C)avoid clerical errors.
• D)meet objectives of maintaining sound documents and records and accurate financial reporting.

---

Definitions:

Exported

Items or services exported from one country to another for commercial purposes.

Demand

The desire to purchase goods and services backed by the ability and willingness to pay a price.

Euros

The official currency of the eurozone, which is used by 19 of the 27 European Union countries.

Downsloping

Describes a line or curve on a graph that proceeds from upper left to lower right, often used in economics to represent the decrease in demand as prices increase.