Reducing expense to increase operating profit is representative of:
A) safeguarding assets.
B) following company policies.
C) promoting operational efficiency.
D) ensuring accurate, reliable accounting records.

Question

Quizplus · Accepted Answer

Reducing expenses is directly related to promoting operational efficiency, as it requires identifying and eliminating waste or inefficiencies in processes and systems, ultimately increasing profitability. Safeguarding assets, following company policies, and ensuring accurate accounting records may indirectly influence profitability, but they are not directly related to reducing expenses.

Reducing Expense to Increase Operating Profit Is Representative Of