Which Is NOT an Objective of an Internal Control System

question 58

Multiple Choice

Which is NOT an objective of an internal control system?

• A)Safeguarding of assets
• B)Compliance with company policies
• C)Compliance with legal requirements
• D)Risk assessment

Comprehend the socialization process and its stages: anticipatory socialization, encounter, and role management.

Identify and explain the motives behind conformity: fear, admiration, belief in correctness, avoidance of punishment, and seeking rewards.

Understand the implications of person-organization fit and how it influences socialization.

Recognize the outcomes of the socialization process, including organizational identification, role conflict, task mastery, and social integration.

---

Definitions:

Inflationary Gap

A macroeconomic term referring to the situation where the demand for goods exceeds the supply, leading to increased prices or inflation.

Inflationary Gap

A situation where aggregate demand in an economy exceeds aggregate supply at the full employment level, leading to inflation.

Equilibrium GDP

The level of real GDP at which the total quantity of goods and services produced equals the total quantity of goods and services purchased.

Full Employment GDP

The output level of goods and services in the economy when all available labor resources are being used in the most efficient way possible.