Question

In a control matrix, the coding M-1 means:

a. a major control plan
b. a missing control plan
c. process 1 is missing
d. none of the above

Answer 1

In a control matrix, the coding M-1 refers to a major control plan, which is an important element in evaluating an organization's internal controls.

Step-by-step explanation:

In a control matrix, the coding M-1 typically refers to a major control plan. This notation is used in auditing and accounting to identify and assess the internal control structures within an organization. It's important to note that in the options provided for this question, b. a missing control plan and c. process 1 is missing do not properly define the coding M-1, and d. none of the above is also incorrect as it negates all the given options.

When discussing control groups in experiments, it's crucial that the control group must be identical to the test group except for one variable to accurately measure the effect of that variable. This ensures that any differences in outcomes can be attributed to the changed variable rather than other factors.