Chester Company Has Established Internal Control Policies and Procedures in Order

question 84

Multiple Choice

Chester Company has established internal control policies and procedures in order to achieve the following objectives:
1) Effective evaluation of management performance.
2) Assure that the accounting records contain reliable information.
3) Safeguard the company's assets.
4) Assure that employees comply with company policy.
Which of these objectives are achieved by accounting controls?

• A)Objectives 1 and 2
• B)Objectives 2 and 3
• C)Objectives 3 and 4
• D)All four objectives

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Definitions:

Kent State

Refers to the Kent State shootings in 1970, where the National Guard opened fire on unarmed college students protesting the Vietnam War, killing four.

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A country located in Southeast Asia, known for its rich history, especially during the Angkor period and for the tragic Khmer Rouge era.

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