An Elaborate System of Checks and Balances, Whereby a Company's

question 36

Multiple Choice

An elaborate system of checks and balances, whereby a company's leadership is held accountable for building shareholder value and creating confidence in the financial reporting processes, is referred to as:

• A)Enterprise risk management
• B)Corporate governance
• C)Application controls
• D)Internal control structure

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Definitions:

Analysis Of Variance

A statistical method known as ANOVA, used to determine the existence of statistically significant differences between the means of three or more independent groups.

Factorial Design

An experimental setup that studies the effects of two or more factors by varying them simultaneously.

Treatment Factor

A variable manipulated by the researcher in an experiment to study its effect on the dependent variable.

Statistical Technique

A method or procedure applied to data in order to organize, describe, analyze, and interpret it.