Safeguarding Assets Is One of the Primary Purposes of Internal

question 27

Multiple Choice

Safeguarding assets is one of the primary purposes of internal control.Which of the following is not one of the other primary purposes?

• A)providing accurate and reliable accounting records
• B)promoting operational efficiency
• C)ensuring that no fraud has occurred
• D)encouraging adherence to management policies

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Definitions:

Direction of Attention

The management and focus of cognitive resources on specific stimuli while ignoring others, crucial for effective task performance.

Efforts

Initiatives or exertions of physical or mental energy towards achieving specific objectives.

Profit-Sharing Programs

Compensation schemes where employees receive a share of the company's profits, usually in addition to their regular salary.

Reward System

A structured scheme for the distribution of benefits, such as money, benefits, or recognition, to individuals based on their contributions to organizational or group objectives.