Requiring Employees to Take Vacations Is a Weakness in the System

question 71

True/False

Requiring employees to take vacations is a weakness in the system of internal controls because it does not promote operational efficiency.

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Definitions:

Standard Deviation

A measure of the dispersion or variation in a set of values, indicating how much the values differ from the mean of the set.

Complete Portfolio

A portfolio that includes both risky assets and a risk-free asset, optimizing the balance between risk and return.

Proportions

The relationship between parts of a whole, expressed as fractions, percentages, or ratios.