To Minimise the Possible Negative Impact Brought About by Unexpected

question 5

Multiple Choice

To minimise the possible negative impact brought about by unexpected transactions,an organisation should:

• A)Ask designers of a control system to predict every possible outcome and every future event.
• B)Place a strong emphasis on ethical and responsible behaviour.
• C)Ask external auditors to audit their internal control system.
• D)Refuse carrying out unexpected transactions.

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Definitions:

Situation

The set of environmental and contextual circumstances or conditions surrounding and affecting an event, action, or decision.

Demand Characteristics

Features of an experiment that communicate to the participant the experimenter’s hypothesis.

Margin Of Error

A statistic measure of the amount of random sampling error in a survey’s results—for example, a 3% margin of error means that the survey’s result could be 3% lower or 3% higher than the average response—the larger the sample is, the smaller the margin of error is.

Measurement Validity

The extent to which a tool, test, or instrument accurately measures what it is intended to measure.