A Key Factor in a Voucher System Includes All of the Following

question 8

Multiple Choice

A key factor in a voucher system includes all of the following except:

• A)Only approved departments and individuals are authorized to incur an obligation that will result in the payment of cash.
• B)Procedures for purchasing,receiving and paying for merchandise are divided among several departments.
• C)The system limits the individuals that can incur cash payment obligations for a company.
• D)It is applied to purchases of merchandise inventory and all other expenses.
• E)It is not necessary if the supplier provides both receiving report and invoice with the merchandise shipped.

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Definitions:

Sample Proportion

The fraction of units in a sample that possesses a particular attribute or characteristic.

Population Proportion

The ratio of individuals in a subgroup of a population to the total population, often expressed as a percentage.

Variance

A measure of the dispersion or spread of a set of data points around their mean (average) value, indicating how far the data points are from the mean.

Unbiased Estimator

A statistical estimator whose expected value is equal to the parameter it estimates, indicating it does not overestimate or underestimate the true value.