Which of the Following Statements Regarding Organizational Governance Is Not

question 409

Multiple Choice

Which of the following statements regarding organizational governance is not correct?

• A) An effective internal audit function is one of the four cornerstones of good governance.
• B) Those performing governance activities are accountable to the customer.
• C) Accountability is one of the key elements of organizational governance.
• D) Governance principles and the need for an internal audit function are applicable to governmental and not-for-profit activities.

---

Definitions:

Obstacle Courses

Physical or metaphorical challenges composed of multiple obstacles that require agility, strength, and strategic thinking to navigate or overcome.

Nonparametric Tests

Statistical tests that do not assume the data being analyzed follows a particular distribution, often used when data doesn't meet the assumptions of parametric tests.

Z-statistic

A measure that describes how far a data point is from the mean, expressed in units of standard deviation.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true, commonly denoted by alpha and used as a threshold for determining the statistical significance of a result.