A Group of Employees of Unique Services Is to Be

question 125

Multiple Choice

A group of employees of Unique Services is to be surveyed with respect to a new pension plan. In-
Depth interviews are to be conducted with each employee selected in the sample. The employees
Are classified as follows.
What is the probability that the first person selected is either in maintenance or in secretarial?

• A) 0.200
• B) 0.015
• C) 0.059
• D) 0.001

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Definitions:

Control Environment

The overall attitude of management and employees about the importance of controls.

Internal Control Structure

The mechanisms, policies, and procedures implemented by a company to safeguard its assets, enhance the reliability of its accounting records, and increase efficiency and compliance with laws and regulations.

Management

The process of directing and controlling a group or organization to achieve specific goals or objectives efficiently and effectively.

Cash Short and Over

An account that records discrepancies between actual cash received and the expected amount, often due to errors or theft.