Match the Following Elements of Internal Control

question 8

Multiple Choice

Match the following elements of internal control:
-monitoring

• A)provides reasonable assurance that business goals will be achieved
• B)used by management for guiding operations and ensuring compliance with requirements
• C)overall attitude of management and employees
• D)used to locate weaknesses and improve controls
• E)identify, analyze and assess likeliness of vulnerabilities

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Definitions:

F Test

A statistical test used to determine if there are significant differences between the variances of two or more groups.

Mustang Population

Refers to the total number of Mustang horses (a type of free-roaming horse of the American west) existing within a specific area or globally.

Sums of Squares

A statistical technique used to describe the total variation or dispersion of a set of data points around their mean.

ANOVA Table

A table that summarizes the output and relevant statistical tests of an analysis of variance, which compares means among groups.