All of the Following Are Purposes of Internal Control EXCEPT

question 81

Multiple Choice

All of the following are purposes of internal control EXCEPT:

• A)to promote operational inefficiency.
• B)to encourage adherence to company policies.
• C)to ensure accurate and reliable accounts records.
• D)to safeguard assets.

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Definitions:

Marketability

The ease with which an asset or security can be sold or bought in the market without affecting its price.

Commercial Utility

The usefulness or value that a product or service provides in a commercial setting, often measured by its ability to meet the needs of a business or consumer market.

Enforceable

A term used to describe a legal agreement or obligation that can be upheld or compelled by law.

Negotiable Promissory Note

A financial instrument that guarantees the payment of a specified amount of money, either on demand or at a set time, and is transferable to other parties.