Sam's Grocery Store Has the Following Policy

question 162

Multiple Choice

Sam's Grocery Store has the following policy.'Only one cashier can have access to a cash drawer.' Which internal control principle supports this policy?

• A)Documentation procedures.
• B)Segregation of duties.
• C)Physical controls.
• D)Establishment of responsibilities.

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Definitions:

Sampling Error

A difference between the sample statistic and the actual population parameter, which occurs by chance because the sample is not a perfect representation of the population.

Sample Statistic

A numerical measure that describes an aspect of a sample taken from a population.

Population Parameter

A numerical value that summarizes a characteristic for the entire population.

Directional Hypothesis

A prediction specifying the expected direction of the relationship between variables, indicating either a positive or negative association.