Which of the Following Best Describes the Purpose of Control

question 32

Multiple Choice

Which of the following best describes the purpose of control activities?

• A)The actions, policies and procedures that reflect the overall attitudes of management
• B)The identification and analysis of risks relevant to the preparation of financial statements
• C)The policies and procedures that help ensure that necessary actions are taken to address risks to the achievement of the entity's objectives
• D)Activities that deal with the ongoing assessment of the quality of internal control by management

---

Definitions:

Sum of Squares

Sum of squares is a statistical technique that measures the dispersion or variation within a data set, by summing the squares of deviations from the mean.

Multiple Coefficient of Determination

A statistic that represents the proportion of variance in a dependent variable that is predictable from a set of independent variables.

Dependent Variable

The outcome variable in a study, experiment, or statistical model that is influenced or predicted by another variable (or variables).

Multiple Regression Model

An analysis technique in statistics that employs numerous independent variables to forecast the result of a target variable.