When Correcting a Purchase Order Error Before Posting You Should

question 31

Multiple Choice

When correcting a purchase order error before posting you should -

• A) open a new purchase order and enter the correct work
• B) remove the purchase order from the edit menu
• C) select the incorrect field(s) in the journal and input the correct data
• D) re-select from suppliers list

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Definitions:

Standard Error

A measure of the variability or dispersion of a sampling distribution, often used as an estimate of the accuracy of a sample mean.

Plus Four Method

A statistical method that adds four to the sample size and regards two successes and two failures in a binomial proportion confidence interval.

P-value

The probability of obtaining a test statistic at least as extreme as the one observed, assuming the null hypothesis is true; used to determine statistical significance.

Hypothesis

A supposition or proposed explanation made on the basis of limited evidence as a starting point for further investigation.