Which of the Following Is a Benefit Provided by Internal

question 237

Multiple Choice

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

• A) ensuring timely collection of accounts receivables
• B) ensuring that collusion will never happen
• C) ensuring that a business is profitable
• D) promoting operational efficiency

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Definitions:

Strategic Planning Process

The strategic planning process is a systematic approach used by an organization to envision its future and develop necessary procedures and operations to achieve that future.

Company's Mission

A statement that defines the core purpose and focus of a business, guiding its strategies, decision-making, and operations.

Objectives

Specific, measurable goals that an organization or individual aims to achieve.