Which of the Following Controls Is Least Likely to Be

question 749

Multiple Choice

Which of the following controls is least likely to be relevant to a financial statement audit?

• A) Procedures that prevent the excess use of materials in production.
• B) Policies that relate to compliance with income tax regulations.
• C) Use of computer passwords to limit access to data files.
• D) Generation of production statistics used to evaluate variances.

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Definitions:

Constant Sum Game

A situation in game theory where the total benefit to all players in the game remains constant, regardless of the distribution of gains among players.

Negotiating

The process of discussing something with someone in order to reach an agreement.

Maximum Willingness-To-Pay

The highest amount an individual is willing to spend to acquire a good or service.

Dominant Strategy

A strategy in game theory that is best for a player, no matter what the strategies chosen by other players, leading to an optimal outcome for the player regardless of opponent decisions.