Making Operations as Efficient as Possible Is

question 24

Multiple Choice

Making operations as efficient as possible is:

• A) A basic purpose of internal control.
• B) A component of the Foreign Corrupt Practices Act.
• C) An objective of the Sarbanes-Oxley Act.
• D) Not an issue for accountants to address.

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Definitions:

Folkways

The least important norms and violating them evokes the least severe punishment.

Mores

Core norms that most people believe are essential for the survival of their group or society.

Laws

The system of rules created and enforced through social or governmental institutions to regulate behavior, ensuring order, safety, and justice within a society.

Taboos

Are among the strongest norms. When someone violates a taboo, it causes revulsion in the community, and punishment is severe.