As an Internal Control for Source Documents, Transaction Limits Are

question 15

Multiple Choice

As an internal control for source documents, transaction limits are most likely to ___ an error.

• A)Prevent
• B)Detect
• C)Correct
• D)Eliminate

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Definitions:

Snowfall

The precipitation of flakes of crystalline water ice from clouds.

Normal Model N(73,9.2)

A statistical representation of a normal distribution with a mean (average) of 73 and a standard deviation of 9.2.

Normal Model

A statistical representation where most occurrences happen around the central peak and probabilities for values decrease as they move away from the mean.

Standard Deviation

A statistical measure of the dispersion or variability in a dataset, indicating how spread out the numbers are from the mean.