Which of the following is a component of an internal control system?

An internal control system is a framework used by organizations to ensure the reliability of financial reporting, compliance with laws and regulations, and operational efficiency. Within this framework, safeguarding assets is a fundamental component. This involves implementing measures that protect the company's resources from theft, loss, or unauthorized access. By securing assets, an organization reduces the risk of financial loss and maintains the integrity of its operations.

Promoting corporate culture, while important, does not specifically relate to internal controls. Maximizing product sales focuses on revenue generation rather than the protection and reliability that internal controls provide. Similarly, investing in new technology might improve efficiency or productivity but does not directly address the essential functions of internal controls, which prioritize the security and effective management of resources. Thus, safeguarding assets stands out as a critical aspect of an effective internal control system.