What Are Sensing Mechanisms

question 100

Multiple Choice

What are sensing mechanisms?

• A) Tools used by auditors to evaluate internal controls
• B) Tools used in coal mines to detect poison gasses
• C) Tools used by managers to understand practices and issues in their organizations
• D) An HR tool for developing incentive plans

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Definitions:

GIC

A Guaranteed Investment Certificate, a Canadian investment that offers a guaranteed rate of return over a fixed period.

Investment

The allocation of resources, such as time, money, or effort, in hope of generating a future benefit or profit.

Strip Bond

A debt security that has had its main components, namely the coupon and the principal, separated to be sold individually as zero-coupon bonds.

Maturity

The set date on which the principal amount of a financial instrument, such as a bond or loan, becomes due and payable.