A Square-Root Transformation Might Be Used to Make a Distribution

question 35

Short Answer

A square-root transformation might be used to make a distribution of scores that is __________ more normal.

Recognize the importance of segregating duties in maintaining a strong internal control system.

Identify the internal control objectives related to safeguarding assets, ensuring financial report accuracy, and compliance with laws.

Understand the purpose and function of a voucher in the internal control over cash payments.

Recognize warning signs of weaknesses in internal control systems.

---

Definitions:

Transfer Warranty

A legal guarantee by the seller that they have the right to transfer a title and that the title is free from any lien or encumbrance not disclosed in the contract.

Jones V.Wells Fargo Bank, N.A.

A legal case involving allegations against Wells Fargo Bank regarding its mortgage practices.

Conversion

The unauthorized act of taking someone else's property and converting it into one's own use, which infringes on the legal rights of the owner.

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a specific sum of money either on demand or at a specified future date.