Stock options give an executive the right to buy the company's stock at a variable price in the future and under conditions determined by the board of directors.

For any data set, the variance is the average of the sum of the squared deviations between each observation and the median

Indicate whether the statement is true or false

Auditors of ERP systems

a. need not be concerned about segregation of duties because these systems possess strong computer controls. b. focus on output controls such as independent verification to reconcile batch totals. c. are concerned that managers fail to exercise adequate care in assigning permissions. d. do not view the data warehouse as an audit or control issue at all because financial records are not stored there. e. need not review access levels granted to users because these are determined when the system is configured and never change.