In Excel, What Procedure Is Used to Select Random Numbers

question 55

Multiple Choice

In Excel, what procedure is used to select random numbers?

• A) The random numbers function
• B) Click on the Data tab, then click on Data Analysis, then click on Sampling
• C) Click on the Data tab, then click on Data Analysis, then click on Random Number Generation
• D) Random numbers are not available in Excel.

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Definitions:

Segregation of Duties

An internal control measure that involves dividing responsibilities among different people to reduce the risk of error or inappropriate actions in financial transactions.

Authorize and Pay

The process of approving financial transactions or disbursements and executing the payment accordingly.

Control Principle

An accounting principle that states the need for procedures and measures to regulate and ensure the accuracy of financial records.

Segregation of Duties

A key internal control mechanism that involves dividing responsibilities within an organization to reduce the risk of fraud or error.