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 Frame

The list or set from which a sample is drawn, representing the population from which researchers intend to collect data.

Population Size

The total number of individuals or units in the group that is the subject of statistical analysis.

Average Age

The mean value of the ages of individuals in a specific group or population, calculated by dividing the sum of all ages by the number of individuals.

Random

In statistical terms, a process or selection that ensures each item or person has an equal chance of being chosen, free from bias.