Question

To safeguard assets and optimize the use of resources a business ........

• A. Only tries to earn sufficient revenue.
• B. Only ensures accuracy in accounting records.
• C. Keeps internal controls.
• D. Only protects its assets.

Hint:

Implementing strong internal controls enhances operational efficiency and reduces risks related to assets and resources.

Answer 1

The Correct Option is C

Internal controls are vital for protecting assets and maximizing resource efficiency. They mitigate errors and fraud while streamlining operations.