Since the Rules Cannot Address All Circumstances, the Code Includes

question 99

Multiple Choice

Since the rules cannot address all circumstances, the Code includes a conceptual framework approach for members to use to evaluate threats to compliance. Using this framework,

• A) the first step is to discuss the threat with the client's management team.
• B) all threats must be completely eliminated.
• C) safeguards can be used to eliminate any threat.
• D) more than one safeguard may be necessary.

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Definitions:

T-Test

A statistical test used to compare the means of two groups or to compare a sample mean with a known value when the sample size is small and the population variance is unknown.

Sign Test

A non-parametric test used to determine if there is a significant difference between paired observations, based on the direction of differences rather than the size.

T Test

A statistical test used to compare the means of two groups, or a sample mean to a known value, to determine if they are significantly different from each other.

Sign Test

A non-parametric test used to determine if there is a statistically significant difference between paired observations.