Question

Managers place a high priority on internal control systems because the systems assist managers in all of the following except: a. Ensuring reliable accounting. b. Assuring that no loss will occur. c. Protecting assets. d. Upholding company policies. e. Promoting efficient operations.

Answer 1

Answer:

b. Assuring that no loss will occur.

Explaination:

Most businesses want to make profits, therefore certain measures are usually taken to achieve this objective. One such measure used is called internal control systems.

Internal control systems in most organizations includes set of rules, policies, and procedures to be followed by employees to increase efficiency of operations. Achieving increase efficiency would result in lesser losses