The objective of internal control that minimizes waste, which lowers costs and increases profits is:
A) operational efficiency.
B) asset safeguards.
C) cost minimization.
D) reliable accounting records.

Question

Quizplus · Accepted Answer

The objective of internal control that minimizes waste, lowers costs, and increases profits is operational efficiency. Internal controls that promote operational efficiency help organizations optimize resources, reduce waste, and streamline processes to achieve cost savings and increase profits.

The Objective of Internal Control That Minimizes Waste, Which Lowers