The Following Set of Items Describes Activities Completed by a Company

question 102

Multiple Choice

The following set of items describes activities completed by a company in purchasing and paying for merchandise and in collecting cash for merchandise sales. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. (Choices may be used more than once.)
-Although department supervisors can request a preferred supplier or vendor, the purchasing department has the responsibility for making the final decisions on a vendor.

• A)Adheres to sound internal controls
• B)Violates sound internal controls
• C)Neither strengthens nor violates internal control

Recognizing the stages and importance of role-play in training.

Differentiating between case study and case incident methods in training.

Acknowledging the significance of mixed modeling strategies in behavioral training.

Identifying factors that contribute to the effectiveness of instructor-led training.

---

Definitions:

Margin Error

An expression of the amount of random sampling error in a survey's results, which describes the range within which the true value lies with a certain level of confidence.

Margin Error

The maximum expected difference between the true population parameter and a sample estimate of that parameter.

Confidence Interval

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, often expressed in terms of a percentage indicating the degree of confidence.

Random Sampling Errors

Variability in sample statistics from sample to sample due to the method of choosing a random subset of the population.