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Assume That a Company Designs and Implements a Control Procedure

question 36

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Assume that a company designs and implements a control procedure whereby the accountant who is responsible for recording cash receipts transactions does not have access to the cash itself.This control procedure is an example of a:


Definitions:

100% Reliable

An absolute level of dependability and consistency in performance or outcome that is often considered unachievable in practice.

Construct Validity

Construct validity is demonstrated when the measures of one concept or construct agree with the measures of other related concepts.

"Real-World" Outcomes

describe the actual results or impacts of interventions, policies, or research findings in natural, uncontrolled environments.

Reliability

The consistency of a measurement, test, or research findings across different occasions and contexts.

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