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:

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Cards signed by workers indicating their desire to form or join a labor union, often part of the process to hold a union certification election.

Shop Steward

The shop steward, an elected position in a local union, is a regular employee who functions as a liaison between union members and supervisors.

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