All of the Following Are Examples of Internal Control Procedures

question 46

Short Answer

All of the following are examples of internal control procedures except
A. Using pre-numbered documents
B. Reconciling the bank statement
C. Customer satisfaction surveys
D. Insistence that employees take vacations

---

Definitions:

Treynor Measures

A performance metric that assesses the returns earned on a portfolio in excess of the risk-free rate, adjusted for market risk.

Sharpe

A ratio used to calculate the risk-adjusted return of an investment, comparing the excess return of the investment to its standard deviation of returns.

Jensen Portfolio Performance Measures

A performance measurement method that evaluates the risk-adjusted return of an investment portfolio by comparing it to the expected return.

Investment Scenario

A projection or model of potential financial outcomes based on specified conditions or assumptions.