Which of the Following Is a Benefit Provided by Internal

question 119

Multiple Choice

Which of the following is a benefit provided by internal control?

• A)It ensures timely collection of Accounts Receivables.
• B)It ensures that financial statements are produced timely.
• C)It guarantees that a business makes profit.
• D)It promotes operational efficiency.

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Definitions:

Self-employed Individuals

Persons who operate their own business or work for themselves, rather than being employed by a company or another individual.

Temporary Agency

A Temporary Agency is an employment agency that connects job seekers with short-term employment opportunities, often serving as a bridge to permanent employment.

Human Resource Information System

A digital solution for managing and optimizing the daily human resources tasks and overall HR goals of an organization.

Benefits

A range of perks, such as health insurance and retirement plans, provided by employers to employees beyond their salaries.