Which of the Following Is Least Likely to Be a Use

question 36

Multiple Choice

Which of the following is least likely to be a use of internal controls in an organization?

• A) Ensuring compliance with laws
• B) Safeguarding corporate assets and resources
• C) Measuring the effects of advertising on sales
• D) Allowing comparisons between actual and planned performance
• E) Protecting the reliability of organizational information

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Definitions:

Journal Entries

The record of financial transactions as they occur, detailing the accounts that are affected and in what way.

Receipt

A document acknowledging that a payment has been made or that goods have been received.

Supplies Expense

The cost associated with consumable items used during the process of operating a business, recorded as an operating expense on the income statement.

Supplies Order

The process of acquiring necessary materials or goods required for the operation of a business or execution of a task.