Which of the Following Deficiency Exists If a Necessary Control

question 69

Multiple Choice

Which of the following deficiency exists if a necessary control is missing or not properly formulated?

• A) control
• B) significant
• C) design
• D) operating

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Definitions:

Uncertain Inputs

Variables or factors in a model or process whose values are not known with certainty and can vary.

Cumulative Profit

The total profit generated over a period of time, adding up individual profits from successive time periods.

Cumulative Net Profit

The total net profit of an entity over a period, accumulating all the net profits and losses from each period within the timeframe.

Fourth Year

Usually refers to the final year of a four-year educational program, such as a high school or university degree.