Which of the Following Attributes of Internal Control Would Be

question 47

Multiple Choice

Which of the following attributes of internal control would be violated if the accounting clerk wrote checks to pay accounts payable?

• A) Adequate design of documents
• B) Sound personnel procedures
• C) Periodic independent verification
• D) Separation of duties

Understand the concept and legal significance of apparent authority in agency relationships.

Differentiate between durable and conventional powers of attorney.

Grasp the duty of an agent to inform the principal and the scope of this duty.

Identify the legal obligations agents owe to their principals, including duties of loyalty, accounting, and information.

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how spread out the values are from the mean.

Urban Airport

A landing and takeoff facility for aircraft, located within or near an urban area, often dealing with constrained space and requiring specific designs to minimize noise and pollution.

Normal Distribution

A bell-shaped curve that represents a distribution of values symmetrically clustered around the mean, significant in statistics and probability theory.

Probability

Probability is the branch of mathematics that deals with the likelihood of a given event's occurrence, ranging between 0 (impossible event) and 1 (certain event).