Limitations of Internal Control Include

question 107

Multiple Choice

Limitations of internal control include:

• A)Human fraud.
• B)Human error.
• C)Cost-benefit standard.
• D)Human error and fraud.
• E)All of these answers are correct.

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Definitions:

Adjunct

An accessory, addition, or helper that is not essential but can be used in conjunction with the main entity.

Tenure-Track

An academic employment path that leads to tenure, which is a permanent position, typically requiring a probationary period of several years.

Probability

The measure quantifying the likelihood or chance that a particular event will occur, often expressed as a number between 0 and 1.

Null Hypothesis

The null hypothesis is a type of hypothesis used in statistics that proposes no statistical significance exists in a set of given observations, serving as the default assumption until evidence suggests otherwise.