A Major Control Available in a Small Company,which Might Not

question 6

Multiple Choice

A major control available in a small company,which might not be feasible in a large company,is

• A)a wider segregation of duties.
• B)use of sequentially numbered documents.
• C)fewer transactions to process.
• D)the owner-manager's personal interest in and close relationship with personnel.

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Definitions:

Hard Work

The significant effort or diligence applied towards completing tasks or achieving goals.

Variability

The extent to which data points in a set differ from each other and from the overall mean, indicating diversity or inconsistency.

Statistical Significance

A mathematical measure that indicates whether the observed differences in data are likely due to chance or represent a true effect in a population.

Confounding Variable

An external factor in a study that might affect the outcome and lead to incorrect conclusions if not controlled.