Which of the Following Is NOT One of the Benefits

question 18

Multiple Choice

Which of the following is NOT one of the benefits provided by internal control?

• A) To reduce waste
• B) To insure that better business decisions are made
• C) To offer protection against theft
• D) To reduce inefficiency

Recognize the advantages and disadvantages of various short-term funding options.

Learn the role and significance of trade credit in working capital management.

Understand the concept of spontaneous financing and its sources.

Grasp the importance and process of credit management and the role of factoring.

---

Definitions:

Term-life Insurance

A type of life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term.

Premiums

Periodic payments made to an insurance company in exchange for coverage and protection against financial loss or damage.

Co-payment

A fixed amount paid by a health insurance plan member for covered services, with the remainder being covered by the insurance.

Deductible

The amount paid out of pocket by the policyholder before an insurance policy begins to pay.