What Is Management's Primary Purpose of Effective Internal Control in an Organization

question 102

Multiple Choice

What is management's primary purpose of effective internal control in an organization?

• A)Obtaining high-quality data for making good business decisions.
• B)Completion of a successful audit for the entity.
• C)Shareholder involvement in the company's success.
• D)Obtaining profitability and financial strength.

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Definitions:

Working Lifetime

The total span of years in an individual's life during which they are engaged in paid work or employment.

High School Graduates

Individuals who have successfully completed the curriculum requirements of secondary education and have been awarded a diploma.

Social Trends

Patterns of behavior, attitudes, or preferences in society that are widespread and evolve over time, significantly influencing consumer behaviors and societal norms.

Consumer Values

The principles and standards that individuals consider important and prioritize when making purchasing decisions.