Accounting Multiple Choice Question – 15 December 2025

Which ONE of the following is a reason why organisations need to have an effective system of control?

To help the organisation in …..

Select ONE answer:

1. maximising its profitability
2. managing its assets and liabilities
3. minimising business risks
4. cutting down the time needed for the audit

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct => Minimising business risks is a primary reason why organisations need an effective system of control. The other options may result from that effective internal control system.
4. Not correct

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