Which of the Following Controls Could Help to Prevent Unauthorized

question 56

Multiple Choice

Which of the following controls could help to prevent unauthorized overtime?

• A)review by payroll supervisor of a report that lists all employees whose wage rate does not match the permanent file
• B)print a gap report for all employees who have not submitted their time reports for the current pay period
• C)review by payroll supervisor of a report that lists all employees working more than the required hours per week
• D)have a calculation check for payroll calculations (gross pay less deductions = net pay)

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Definitions:

Tracking Error

A measure of the deviation from the performance of a benchmark by an investment portfolio.

Optimized Portfolio

A portfolio of investments that has been designed to achieve the best possible balance of risk and return, based on specific investor goals and constraints.

Posterior Distribution

Revised probability distribution for a variable after adjustment for empirical evidence on its likely value.

Prior Distribution

Probability distribution for a variable before adjusting for empirical evidence on its likely value.