Which of the Following Items Associated with the Acquisition

question 8

Multiple Choice

Which of the following items associated with the acquisition / payment process is likely to expose an organization to one or more forms of operational risk?

• A)Purchase order prepared by hand
• B)Schedule of accounts payable prepared with Excel
• C)Both A and B
• D)Neither A nor B

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Definitions:

F-statistic

A value derived from an ANOVA (Analysis of Variance) test, used to determine if the means between two populations are significantly different.

Analysis of Variance (ANOVA)

A statistical method used to compare means of three or more samples.

Numerator

The top number in a fraction that represents the part of the whole being considered or counted.

Denominator

The bottom number in a fraction that represents the total number of equal parts the whole is divided into.