Maximum Benefit from Independent Checks of Performance Is Obtained When

question 84

Multiple Choice

Maximum benefit from independent checks of performance is obtained when

• A)it is made on a pre-announced basis.
• B)it is done by the employee possessing custody of the asset.
• C)discrepancies are reported to management.
• D)it is done at the time of the external audit.

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Definitions:

Atomic Weight

The average mass of atoms of an element, calculated using the relative abundance of isotopes in a naturally-occurring element.

Structural Formula

A type of chemical formula that shows the spatial arrangement of the atoms in a molecule. Compare with the simplest formula and molecular formula.

Molecular Formula

The type of chemical formula that gives the actual numbers of each type of atom in a molecule. Compare with simplest formula and structural formula.

Lewis Structure

A graphical representation of the valence electrons in molecules, showing how the atoms are bonded together and the lone pairs of electrons.