Which of the Following Is NOT One of the Purposes

question 65

Multiple Choice

Which of the following is NOT one of the purposes of internal control?

• A) To encourage employees to follow company policy
• B) To safeguard the company's assets
• C) To ensure accurate, reliable accounting records
• D) To guarantee that a business makes a profit

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Definitions:

Consumer Cooperative

A cooperative business owned by its customers for their mutual benefit, where profits are returned to the members according to their use of the cooperative, not according to the capital invested.

Franchise

A business model where a company allows an individual or other company to operate a branch of their business under their brand and guidelines.

Customer-Operated

Pertaining to systems or services that are directly used or managed by the customers themselves.

Self-Service

A business model or service design that allows customers to access services and perform tasks without direct assistance from staff, often through digital platforms or kiosks.