Elwin Osbourne, CIO at GFS, Inc

question 52

Multiple Choice

Elwin Osbourne, CIO at GFS, Inc., is studying employee use of GFS e-mail for non-business communications.A random sample of 200 e-mail messages was selected.Thirty of the messages were not business related.The point estimate for this population proportion is _______.

• A)0.150
• B)0.300
• C)0.182
• D)0.667
• E)0.786

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Definitions:

Cash Short and Over

An account that stores any discrepancies between the expected cash count and the actual amount of cash present, reflecting errors or theft.

Other Income

Revenue generated from activities that are not part of a company's primary business operations, including interest, dividends, and gains from asset sales.

Income Statement

A financial report that shows a company's revenues, expenses, and profits over a specific period.

Separating Responsibilities

A risk management technique that involves dividing tasks and authorities among different individuals or groups to reduce the risk of error or fraud.