Hyperion Company Has Established Internal Control Policies and Procedures in Order

question 59

Multiple Choice

Hyperion Company has established internal control policies and procedures in order to achieve the following objectives:
(1) Safeguard the company's assets
(2) Assure that the accounting records contain reliable information
(3) Evaluate management performance effectively
(4) Assure that employees comply with company policies
Which of these objectives are primarily achieved by accounting controls?

• A) Objectives 1 and 2
• B) Objectives 2 and 3
• C) Objectives 3 and 4
• D) Objectives 1 and 4

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Definitions:

Creativity

denotes the ability to produce new and original ideas, solutions, and products that are both novel and useful.

Adaptive Leadership

A leadership framework that encourages leaders to adapt to changing environments and to engage followers in addressing complex challenges.

Encourage People

involves motivating, supporting, and inspiring individuals or teams to achieve their goals and realize their potential.

Adaptive Challenges

Complex problems that require new learning, innovation, and changes in behavior or approach within an organization or community.