After Major Risk Are Identified Which of the Following Data

question 37

Multiple Choice

After major risk are identified which of the following data should NOT be obtained for analysis

• A) probability of each risk occurring
• B) Range or distribution of possible outcomes
• C) probability of each outcome
• D) the expected time of each outcome
• E) the person responsible for each outcome

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Definitions:

Expanded Purchases Journal

A detailed record used in accounting to track all purchase transactions, including more comprehensive data than a standard journal.

Accounts Payable

A liability to a creditor, usually for purchases of goods and services.

Inventory

Materials and products a business holds for the purpose of sale or production.

General Journal

The primary bookkeeping ledger where all financial transactions of a business are initially recorded, prior to being posted to specific accounts.