The Use of a Separate Payroll Bank Account Is Not

question 142

True/False

The use of a separate payroll bank account is not an advantageous control, because it creates more complexity in reconciliation functions for a company and invites theft.

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Definitions:

Sampling Distribution

The distribution of chance for a designated statistic, rooted in a random sample.

P-Value

The odds of encountering test findings at least as extreme as the observed ones, given that the null hypothesis is accurate.

Hypothesis Testing

A statistical method that uses sample data to evaluate a hypothesis about a population parameter, leading to a decision to accept or reject the hypothesis.

Test Statistic

A numerical value calculated from a sample of data used in statistical testing to determine whether to reject the null hypothesis.