Internal Control Is Strengthened by the Use of a Blind

question 55

Multiple Choice

Internal control is strengthened by the use of a blind purchase order, upon which the quantity of goods ordered is intentionally left blank.This blind copy is used in which department?

• A)The department that initiated the purchase request
• B)The receiving department
• C)The purchasing department
• D)The accounts payable department

Describe the concept of a Pigouvian subsidy and its application for external benefits.

Understand the implications of technology spillover in relation to positive externalities.

Evaluate the effectiveness of various policy solutions in addressing market inefficiencies due to externalities.

Grasp the significance of network externalities and their impact on market dynamics.

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Definitions:

Critical Values

Specific points on the scale of a test statistic that determine the threshold for rejecting a null hypothesis.

Two-Tailed

Two-Tailed tests in statistics are used to determine if there is either a positive or negative effect, and the significance is checked in both directions of the distribution.

Critical Values

Specific points on the scale of a test statistic that define regions where the null hypothesis can be rejected, indicating statistical significance.

Two-Tailed

A statistical test where the critical area of a distribution is two-sided and tests whether a sample is either greater or less than a certain range of values.