Which of the Following Is Characteristic of Internal Control

question 202

Multiple Choice

Which of the following is characteristic of internal control?

• A) It is not possible to design a foolproof system of internal controls.
• B) A well-designed system of internal controls should be the goal of every organization.
• C) Separation of duties is the easiest control activity to implement in small companies.
• D) It is easiest to implement effective internal controls in large companies that are able to devote substantial resources to those systems.

Describe the implications of multitasking and distracted driving on cognitive performance and safety.

Understand the relationship between attention and memory in learning automated tasks.

Understand the concept and examples of compliance techniques and their applications.

Identify and explain the factors that influence individual and group decision-making and conformity.

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Definitions:

Population Standard Deviation

Population Standard Deviation is a measure of the dispersion or spread of all the values in a given population, indicating how much the individual values in the population differ from the population mean.

Sample Size

The number of observations or data points collected in a sample, which impacts the precision of statistical results.

Standard Error

A measure of the accuracy of a sample mean by describing the dispersion of sample means around the population mean.

Population Standard Deviation

A measure of the amount of variation or dispersion of a set of values in an entire population.