Which of the Following Is Not a Primary Concern of Internal

question 30

Multiple Choice

Which of the following is not a primary concern of internal control?

• A) Efficiency of company operations
• B) Fairness of financial statements
• C) Accuracy of accounting records
• D) Safeguarding assets

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Definitions:

Object Permanence

The understanding in human development that objects continue to exist even when they cannot be seen, heard, or touched.

Egocentric

A term referring to the inability or difficulty in understanding a perspective other than one's own.

Formal-Operations

A stage in Piaget's theory of cognitive development, typically beginning around age 12, where individuals start to use abstract and logical thinking.

Concrete-Operations

A stage in Piaget's theory of cognitive development where children gain the ability to think logically about concrete events.