Which Is Not a Purpose of an Economy and Efficiency

question 24

Multiple Choice

Which is not a purpose of an economy and efficiency audit?

• A) Whether the entity is acquiring, protecting, and using resources economically and efficiently.
• B) The causes of inefficiencies and uneconomical practices.
• C) Whether the entity has complied with laws and regulations concerning matters of economy and efficiency.
• D) Each of the above is a purpose.

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Definitions:

Time Saving Feature

A characteristic or component of a device, software, or procedure designed to decrease the amount of time needed to accomplish tasks.

Gear Icon

A graphical icon commonly used in software and applications to represent settings or configuration options.

Create Icon

A graphical symbol or button used in software or websites to initiate the creation of a new item or file.

Assets

Economic resources or valuable items owned by a person or company that are expected to provide future benefits.