Which of the Following Is an Important Internal Control Over

question 89

Multiple Choice

Which of the following is an important internal control over payroll?

• A) separating the duties of the disbursement of paychecks from the recording of payroll transactions in the ledger
• B) separating the duties of safeguarding property from record-keeping of property
• C) separating the duties of approving invoices from signing disbursement checks
• D) separating the duties of cash disbursement from bank reconciliations

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Definitions:

Sampling Distribution

The probability distribution of a given statistic based on a random sample.

Independent Sample Variances

A measure of the variability in each of two or more independent samples, used in hypothesis testing to assess the assumption of equal variances.

Normal Populations

Populations that are distributed in a way that forms a symmetrical, bell-shaped curve when graphed, with most members being close to the average.

Equal Variances

The assumption that two or more groups have the same variance, often used in t-tests and ANOVAs.