While Initiating Sales, Errors in Which Two of the Following

question 37

Multiple Choice

While initiating sales, errors in which two of the following documents or files could mean the risk of sales being made to unauthorized customers?

• A)Customer master file
• B)Sales order
• C)Sales invoice
• D)Perpetual inventory

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Definitions:

Residual Income

The income that an investment or business generates after accounting for the cost of capital.

Contribution Margin

The amount remaining from sales revenue after variable expenses have been deducted, indicating how much contributes to covering fixed costs and generating profit.

Segment Margin

The amount of profit or loss generated by a particular segment of a business, helping to assess the financial contribution of different parts of the business.

Gross Cost

The total cost incurred before any deductions or allowances.