Examlex
Which of the following situations, if either, illustrate(s) a proper simple random selection process?
(1) A sample is obtained by selecting 10 male and 10 female students from a student organization to represent the student population.
(2) A sample is obtained by assigning every athlete on campus a unique number and using a lottery to select 20 athletes to represent the student population.
Pre-Signed Blank Cheques
A risky financial practice that involves signing a cheque before the amount payable is entered, leaving it vulnerable to fraud or misuse.
Limited Access
A situation or condition where access or entry is restricted or controlled, often referring to restricted data or locations.
Segregation Of Duties
A risk management and internal control principle that divides responsibilities among different people to reduce the risk of error or fraud.
Accounts Payable Clerk
A professional responsible for managing a company's outgoing bills and invoices, ensuring payments are made on time and records are kept.
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