Which of the Following Is Not One of the Policies

question 105

Multiple Choice

Which of the following is not one of the policies and procedures that make up an internal control system?

• A)Protect assets.
• B)Ensure reliable accounting.
• C)Guarantee a return to investors.
• D)Urge adherence to company policies.
• E)Promote efficient operations.

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Definitions:

Variance

A statistical measure that represents the average squared deviation from the mean, showing how data points are spread out.

Sample Correlation Coefficient

measures the strength and direction of the linear relationship between two variables in a sample.

P-Value

A measure in statistical hypothesis testing representing the probability of obtaining test results at least as extreme as the ones observed, assuming the null hypothesis is true.

Significant Level

The likelihood of incorrectly dismissing the null hypothesis, often represented by the symbol alpha (α).