The Objective of Internal Control That Minimizes Waste, Which Lowers

question 68

Multiple Choice

The objective of internal control that minimizes waste, which lowers costs and increases profits is:

• A) operational efficiency.
• B) asset safeguards.
• C) cost minimization.
• D) reliable accounting records.

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Definitions:

Social Clock

The culturally preferred timing of major life events, such as marriage, parenthood, and retirement.

Past Generations

Referring to the people who lived before the current generation, often used in discussions about family heritage, history, or genetics.

Social Clock

The societal expectations that dictate the appropriate timing for major life events, such as marriage, parenthood, and retirement.

Cultural Expectations

Socially constructed norms and beliefs about how individuals should behave in a given society.