Examlex
Indicate whether each of the business practices listed below strengthens (S) or weakens (W) a company's system of internal control.
____
a. Cashiers are not bonded.
____
b. All payments are made with checks.
____
c. Discouraging employees from taking paid vacations.
____
d. Two people handle cash sales from the same cash register drawer.
____
e. Using prenumbered sales tickets.
Blocking
A technique used in experimental design to group experimental units with similar characteristics together, in order to reduce the variability caused by these characteristics.
Random Assignment
The process of allocating subjects or experimental units to different groups in an experiment using random methods, to ensure that each group is similar at the start.
Double Blind
A study or experiment design in which neither the participants nor the experimenters know who is receiving a particular treatment, to prevent bias.
Stratifying
The process of dividing a population or sample into subgroups, known as strata, to ensure that research or analysis is more accurate and reflective of the whole.
Q8: Johnson Company reports the following for the
Q14: A $200 petty cash fund has cash
Q27: In recording the acquisition cost of an
Q39: A bank reconciliation is generally prepared by
Q44: Depreciation is the process of:<br>A) valuing an
Q45: Additions and improvements are costs incurred to
Q74: The convergence issue that will be most
Q97: Of the following employees, who should prepare
Q160: In a period of declining prices, which
Q230: As prepaid expenses expire with the passage