Which of the Following Control Activities Would an Entity Most

question 55

Multiple Choice

Which of the following control activities would an entity most likely use to assist in satisfying the completeness assertion related to long-term investments?

• A) Senior management verifies that securities in the bank safe-deposit box are registered in the entity's name.
• B) The internal auditor compares the securities in the bank safe-deposit box with recorded investments.
• C) The treasurer vouches the acquisition of securities by comparing brokers' advices with canceled checks.
• D) The controller compares the current market prices of recorded investments with the brokers' advices on file.

Explore the concept of deindividuation in crowd behavior and its effect on individual actions.

Acknowledge the strategies used in bargaining and their underlying psychological principles.

Analyze the importance of task complexity in performance in the presence of others.

Understand the concepts of fixed, variable, and total costs.

---

Definitions:

Variance

The average of the squared differences from the Mean, measuring the spread between numbers in a data set.

Point Estimate

A single value or statistic that serves as the best guess or most probable value of an unknown population parameter.

Population Parameter

A numerical value that summarizes a characteristic of an entire population.

Random Sampling

A method in statistical analysis where individuals or items are selected from a larger population entirely by chance, ensuring that every member has an equal opportunity of being chosen.