Which of the Following Is Not One of Management's Responsibilities

question 104

Multiple Choice

Which of the following is not one of management's responsibilities?

• A) Ensuring accounting principles are following in preparing financial statements.
• B) Engaging a qualified auditor.
• C) Implementing effective internal controls.
• D) Ensuring financial statements and disclosures are accurate.

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Definitions:

Estimated Regression Line

A line calculated from the data that best fits the relationship between the independent variable(s) and the dependent variable, used to predict the value of the dependent variable from the independent variable(s).

Slope

The steepness of a line on a graph, representing the rate of change, calculated as the rise divided by the run between two points on the line.

Intercept

The value of the dependent variable when all independent variables in a model are set to zero.

Independent Variable

A variable that is manipulated or changed in an experiment to test its effects on a dependent variable.