Internal Control Standards Do Not Include Which of the Following

question 7

Multiple Choice

Internal control standards do not include which of the following?

• A) Separation between operational transactions and accounting record keeping
• B) Maintain qualified personnel and rotate duties
• C) Use sequentially numbered receipt forms to acknowledge collections
• D) Require regular external audit

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Definitions:

Variance

A statistical measure of the dispersion of a set of data points in a data distribution, showing how each data point differs from the mean.

Variance

A measurement of the spread between numbers in a data set, indicating how much the numbers differ from the mean.

Standard Deviation

A metric that quantifies how spread out data points are from the mean, showing the degree of variation or dispersion within a dataset.

Negative

In the context of numbers, denotes values less than zero; in the context of feedback or results, indicates adverse outcomes or deficit.