Final answer:
The major reasons to control an organization's business processes are to achieve business goals, prevent fraud and errors, and comply with laws and regulations, summarized as 'all of the above'.
Step-by-step explanation:
The major reasons for exercising control of an organization's business processes include:
- Providing reasonable assurance that the goals of the business are being achieved
- Mitigating risks of fraud and other intentional and unintentional acts
- Ensuring compliance with applicable legal and regulatory obligations
- D. All of the above
Businesses need to exercise control to ensure they adhere to their ethical obligations, meet performance expectations, and comply with government regulations that dictate the fair operation of business within the marketplace. These controls may include a code of ethics, various internal policies, or compliance with external regulations that prevent actions such as discrimination, bribery, and misconduct. The ability for leaders to exert control is essential for maintaining order within an organization and preventing the misuse of power or resources.